GSA Capital Partners LLP Acquires 27,700 Shares of Vuzix Corporation (VUZI)
GSA Capital Partners LLP boosted its holdings in Vuzix Corporation (NASDAQ:VUZI) by 261.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,300 shares of the company’s stock after acquiring an additional 27,700 shares during the period. GSA Capital Partners LLP owned about 0.19% of Vuzix Corporation worth $251,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Carl Domino Inc raised its holdings in shares of Vuzix Corporation by 11.4% during the second quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock valued at $255,000 after buying an additional 4,000 shares during the last quarter. KCG Holdings Inc. acquired a new position in shares of Vuzix Corporation during the first quarter valued at approximately $243,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Vuzix Corporation during the first quarter valued at approximately $108,000. 8.60% of the stock is currently owned by hedge funds and other institutional investors.
In other Vuzix Corporation news, COO Paul A. Boris purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average cost of $6.10 per share, with a total value of $61,000.00. Following the completion of the transaction, the chief operating officer now owns 160,000 shares in the company, valued at $976,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Paul A. Boris purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were acquired at an average cost of $5.20 per share, for a total transaction of $26,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 19,300 shares of company stock valued at $110,615. 18.40% of the stock is currently owned by corporate insiders.
Several research analysts have issued reports on VUZI shares. Zacks Investment Research upgraded shares of Vuzix Corporation from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Thursday, July 13th. Maxim Group set a $11.00 price objective on shares of Vuzix Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th.
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Shares of Vuzix Corporation (NASDAQ:VUZI) opened at 5.15 on Friday. The firm’s market cap is $106.47 million. The company has a 50 day moving average of $5.67 and a 200 day moving average of $5.95. Vuzix Corporation has a 1-year low of $4.10 and a 1-year high of $8.70.
Vuzix Corporation (NASDAQ:VUZI) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). The firm had revenue of $1.33 million during the quarter. Vuzix Corporation had a negative net margin of 524.82% and a negative return on equity of 143.10%. On average, equities analysts forecast that Vuzix Corporation will post ($0.76) earnings per share for the current fiscal year.
Vuzix Corporation Company Profile
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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