Voxx International Corp. (VOXX) Stock Price Up 3% on Insider Buying Activity
Voxx International Corp. (NASDAQ:VOXX)’s share price rose 3% during trading on Thursday following insider buying activity. The stock traded as high as $2.74 and last traded at $2.73, with a volume of 190,465 shares traded. The stock had previously closed at $2.65.
Specifically, insider Patrick M. Lavelle purchased 16,154 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were acquired at an average cost of $3.04 per share, for a total transaction of $49,108.16. Following the completion of the acquisition, the insider now owns 55,299 shares of the company’s stock, valued at approximately $168,108.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Denise W. Gibson purchased 32,100 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average price of $3.13 per share, for a total transaction of $100,473.00. Following the completion of the acquisition, the director now directly owns 20,400 shares of the company’s stock, valued at approximately $63,852. The disclosure for this purchase can be found here. 17.51% of the stock is owned by insiders.
Separately, Zacks Investment Research upgraded Voxx International Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
The stock’s market cap is $64.99 million. The stock’s 50 day moving average is $3.03 and its 200 day moving average is $3.36.
Voxx International Corp. (NASDAQ:VOXX) last announced its quarterly earnings data on Monday, July 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. The firm earned $155.50 million during the quarter. Voxx International Corp. had a positive return on equity of 0.78% and a negative net margin of 0.93%. Voxx International Corp.’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share. Equities research analysts predict that Voxx International Corp. will post $0.26 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Voxx International Corp. by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,743,430 shares of the company’s stock valued at $4,864,000 after buying an additional 12,659 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Voxx International Corp. by 95.7% in the second quarter. Oppenheimer & Co. Inc. now owns 54,800 shares of the company’s stock valued at $153,000 after buying an additional 26,800 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Voxx International Corp. by 28.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,500 shares of the company’s stock valued at $133,000 after buying an additional 10,500 shares in the last quarter. Royce & Associates LP increased its stake in Voxx International Corp. by 13.6% in the second quarter. Royce & Associates LP now owns 1,325,427 shares of the company’s stock valued at $3,698,000 after buying an additional 158,436 shares in the last quarter. Finally, Oxford Asset Management increased its stake in Voxx International Corp. by 459.4% in the second quarter. Oxford Asset Management now owns 152,650 shares of the company’s stock valued at $426,000 after buying an additional 125,363 shares in the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.
Voxx International Corp. Company Profile
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
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