Wedbush Securities Inc. bought a new stake in Lantronix, Inc. (NASDAQ:LTRX) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 43,200 shares of the technology company’s stock, valued at approximately $105,000. Wedbush Securities Inc. owned 0.24% of Lantronix as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of LTRX. Spark Investment Management LLC raised its holdings in shares of Lantronix by 44.0% in the 2nd quarter. Spark Investment Management LLC now owns 51,400 shares of the technology company’s stock valued at $124,000 after purchasing an additional 15,700 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Lantronix by 170.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,178 shares of the technology company’s stock valued at $210,000 after purchasing an additional 34,182 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Lantronix by 155.6% in the 3rd quarter. Essex Investment Management Co. LLC now owns 152,196 shares of the technology company’s stock valued at $370,000 after purchasing an additional 92,654 shares during the period. Algert Global LLC raised its holdings in shares of Lantronix by 228.6% in the 2nd quarter. Algert Global LLC now owns 194,915 shares of the technology company’s stock valued at $474,000 after purchasing an additional 135,597 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Lantronix by 14.5% in the 2nd quarter. Vanguard Group Inc. now owns 420,526 shares of the technology company’s stock valued at $1,026,000 after purchasing an additional 53,211 shares during the period. 17.92% of the stock is currently owned by institutional investors.

Shares of Lantronix, Inc. (NASDAQ:LTRX) opened at $1.93 on Wednesday. The stock has a market cap of $33.97, a PE ratio of 94.50 and a beta of -0.24. Lantronix, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $4.09.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Thursday, October 26th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The company had revenue of $10.61 million for the quarter. Lantronix had a negative net margin of 1.83% and a positive return on equity of 2.39%.

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About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.

Institutional Ownership by Quarter for Lantronix (NASDAQ:LTRX)

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