Belpointe Asset Management LLC bought a new stake in the shares of VOXX International Co. (NASDAQ:VOXX – Get Rating) in the first quarter, HoldingsChannel reports. The institutional investor bought 10,100 shares of the auto parts company, valued at around $101,000.
A number of other institutional investors and hedge funds also bought and sold shares of the company. Essex Investment Management Co. LLC raised its position in VOXX International shares by 75.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 175,635 shares of the auto parts company worth $1,786,000 after acquiring an additional 75,300 shares in the last quarter. Strs Ohio increased its position in VOXX International shares by 593.5% in the 1st quarter. Strs Ohio now owns 64,500 shares of the auto parts company worth $643,000 after acquiring 55,200 additional shares last quarter. Allspring Global Investments Holdings LLC purchased a new stock position in VOXX International in Q4 for $315,000. GSA Capital Partners LLP bought a new position in shares of VOXX International in the 4th quarter at a value of $252,000. Finally, Bailard Inc. bought a new position in shares of VOXX International in the 1st quarter for a value of $230,000. 58.92% of the shares are held by institutional investors.
Insider Buying and Selling at VOXX International
Separately, CEO Patrick M. Lavelle purchased 10,000 shares of the company in a trade on Tuesday, July 12. The shares were acquired at an average price of $7.25 per share, for a total transaction of $72,500.00. Following the purchase, the CEO now owns 476,540 shares of the company, valued at $3,454,915. The acquisition was disclosed in a filing with the SEC, which is available on the SEC’s website. Separately, CEO Patrick M. Lavelle purchased 15,200 shares in a trade dated Thursday, July 14. The shares were purchased at an average price of $6.31 per share, for a total transaction of $95,912.00. Following the completion of the purchase, the CEO now directly owns 521,740 shares of the company, valued at $3,292,179.40. The purchase was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, CEO Patrick M. Lavelle purchased 10,000 shares in a trade dated Tuesday, July 12. The stock was purchased at an average price of $7.25 per share, for a total transaction of $72,500.00. Following the purchase, the CEO now directly owns 476,540 shares of the company, valued at $3,454,915. Disclosure of this purchase can be found here. In the past 90 days, insiders have purchased 276,497 shares of the company worth $2,142,938. 37.57% of the shares are currently held by insiders.
VOXX International Stock down 3.9%
Shares of VOXX International opened at $8.09 on Friday. The company has a debt ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.73. The company’s 50-day simple moving average is $8.22 and its two-hundred-day simple moving average is $9.31. The company has a market capitalization of $193.67 million, a PE ratio of -6.18 and a beta of 1.18. VOXX International Co. has a fifty-two week minimum of $5.85 and a fifty-two week maximum of $13.41.
VOXX International (NASDAQ:VOXX – Get Rating) last released its quarterly results on Monday, May 16. The auto parts company reported earnings per share of $0.11 for the quarter. The company posted revenue of $163.88 million for the quarter. VOXX International posted a negative return on equity of 8.51% and a negative net margin of 5.03%.
Analysts set new price targets
Several research analysts have recently published reports on VOXX shares. TheStreet downgraded VOXX International from a “c-” rating to a “d+” rating in a research report on Wednesday, June 1. DA Davidson reduced his target price on VOXX International from $20.00 to $16.00 and set a “buy” rating on the stock in a Wednesday, July 13 research report. Finally, StockNews.com began covering VOXX International in a research report on Thursday, March 31. They have placed a “holding” rating on the stock.
VOXX International Profile
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VOXX International Corporation, together with its subsidiaries, designs, manufactures and distributes automotive electronics, consumer electronics and biometric products in the United States, Europe and worldwide. Its Automotive Electronics segment offers mobile multimedia infotainment products, including overhead, seatback and headrest systems; automotive security, vehicle access and remote start systems; satellite radios including plug-and-play and direct-connect models; telematics applications for smart phones; automotive electrical accessories; rear view and collision avoidance systems; driver distraction products; electric lift gates; mobile interface modules; turn signal switches; automotive lighting products; automotive sensor and camera systems; USB ports; cruise control systems; and heated seats.
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