Resonant Inc (RESN) CEO George B. Holmes Sells 20,712 Shares
Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 20,712 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total transaction of $35,210.40. Following the sale, the chief executive officer now directly owns 281,366 shares of the company’s stock, valued at $478,322.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ:RESN traded down $0.06 during mid-day trading on Friday, reaching $1.58. The company’s stock had a trading volume of 3,563 shares, compared to its average volume of 356,234. The firm has a market cap of $45.51 million, a PE ratio of -1.25 and a beta of 1.00. Resonant Inc has a 1 year low of $1.61 and a 1 year high of $8.55.
Resonant (NASDAQ:RESN) last announced its earnings results on Tuesday, November 13th. The semiconductor company reported ($0.17) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.17). The business had revenue of $0.12 million during the quarter, compared to the consensus estimate of $0.50 million. Resonant had a negative net margin of 4,630.51% and a negative return on equity of 80.75%. As a group, sell-side analysts predict that Resonant Inc will post -0.89 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC bought a new position in Resonant in the second quarter worth about $282,000. MYDA Advisors LLC bought a new position in Resonant in the second quarter worth about $485,000. Baird Financial Group Inc. bought a new position in Resonant in the second quarter worth about $3,341,000. ClariVest Asset Management LLC bought a new position in Resonant in the second quarter worth about $1,008,000. Finally, BlackRock Inc. raised its holdings in Resonant by 107.5% in the second quarter. BlackRock Inc. now owns 67,870 shares of the semiconductor company’s stock worth $383,000 after purchasing an additional 35,159 shares in the last quarter. Institutional investors and hedge funds own 19.59% of the company’s stock.
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Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.
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