Rhumbline Advisers lifted its holdings in Kopin Co. (NASDAQ:KOPN) by 18.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,730 shares of the company’s stock after acquiring an additional 26,294 shares during the period. Rhumbline Advisers owned approximately 0.22% of Kopin worth $168,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of KOPN. BlackRock Inc. boosted its stake in shares of Kopin by 8.8% in the 3rd quarter. BlackRock Inc. now owns 9,665,876 shares of the company’s stock worth $23,391,000 after buying an additional 780,079 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Kopin by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 4,239,524 shares of the company’s stock worth $10,259,000 after buying an additional 245,490 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kopin by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,239,524 shares of the company’s stock worth $10,259,000 after purchasing an additional 245,490 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kopin by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,207,568 shares of the company’s stock worth $5,342,000 after purchasing an additional 142,342 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Kopin by 8.1% in the 3rd quarter. Royce & Associates LP now owns 2,143,987 shares of the company’s stock worth $5,188,000 after purchasing an additional 161,477 shares during the period. 44.51% of the stock is owned by hedge funds and other institutional investors.
In other Kopin news, insider Bor Yeu Tsaur sold 250,000 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $1.13, for a total transaction of $282,500.00. Following the sale, the insider now owns 429,188 shares of the company’s stock, valued at approximately $484,982.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.00% of the company’s stock.
KOPN stock traded down $0.07 during midday trading on Friday, reaching $1.19. 752,104 shares of the company’s stock traded hands, compared to its average volume of 625,321. Kopin Co. has a 52 week low of $0.96 and a 52 week high of $3.81. The stock has a market capitalization of $99.29 million, a price-to-earnings ratio of -2.48 and a beta of 1.61.
Kopin (NASDAQ:KOPN) last issued its earnings results on Tuesday, March 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Kopin had a negative net margin of 142.50% and a negative return on equity of 49.85%. The business had revenue of $7.74 million for the quarter. As a group, analysts forecast that Kopin Co. will post -0.33 EPS for the current fiscal year.
Kopin Company Profile
Kopin Corporation invents, develops, manufactures, and sells various components and systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.
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