Cortina Asset Management LLC Acquires Shares of 364,879 Airgain, Inc. (AIRG)
Cortina Asset Management LLC bought a new position in Airgain, Inc. (NASDAQ:AIRG) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 364,879 shares of the technology company’s stock, valued at approximately $3,317,000. Cortina Asset Management LLC owned about 3.82% of Airgain at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Skylands Capital LLC bought a new stake in shares of Airgain in the third quarter worth about $1,854,000. Underhill Investment Management LLC increased its holdings in shares of Airgain by 64.0% in the second quarter. Underhill Investment Management LLC now owns 207,000 shares of the technology company’s stock worth $2,935,000 after purchasing an additional 80,750 shares during the last quarter. Menta Capital LLC bought a new stake in shares of Airgain in the second quarter worth about $251,000. Rice Hall James & Associates LLC bought a new stake in shares of Airgain in the third quarter worth about $1,351,000. Finally, Worth Venture Partners LLC increased its holdings in shares of Airgain by 56.8% in the second quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock worth $887,000 after purchasing an additional 22,653 shares during the last quarter. 32.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Airgain, Inc. (NASDAQ:AIRG) opened at $9.96 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.95 and a current ratio of 5.02. Airgain, Inc. has a 52 week low of $7.31 and a 52 week high of $27.14. The firm has a market capitalization of $95.40, a P/E ratio of 35.57 and a beta of 1.49.
In related news, Director Francis X. Egan acquired 10,276 shares of Airgain stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $8.99 per share, with a total value of $92,381.24. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $449,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.40% of the company’s stock.
Several equities research analysts have recently issued reports on the company. B. Riley reduced their target price on Airgain from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Zacks Investment Research raised Airgain from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Northland Securities reissued a “buy” rating and set a $15.00 price objective on shares of Airgain in a research note on Friday, November 10th. Finally, Cowen Inc reissued a “buy” rating and set a $19.00 price objective on shares of Airgain in a research note on Thursday, August 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.10.
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Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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