Toroso Investments LLC Raises Stock Holdings in Flux Power Holdings, Inc. (NASDAQ:FLUX)

Toroso Investments LLC raised its position in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX – Get Rating) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 385,890 shares of the company’s stock after buying an additional 8,645 shares during the quarter. Toroso Investments LLC owned about 2.41% of Flux Power worth $988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Formidable Asset Management LLC grew its holdings in Flux Power by 10.8% in the second quarter. Formidable Asset Management LLC now owns 2,773,356 shares of the company’s stock worth $6,652,000 after purchasing an additional 271,221 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Flux Power during the third quarter valued at $43,000. Wolverine Trading LLC purchased a new position in shares of Flux Power in the 3rd quarter worth about $28,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Flux Power by 6.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 43,149 shares of the company’s stock worth $111,000 after purchasing an additional 2,750 shares in the last quarter. 27.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Flux Power

In other Flux Power news, Director Michael Johnson sold 8,974 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $6.69, for a total transaction of $60,036.06. Following the completion of the sale, the director now directly owns 4,457,296 shares in the company, valued at approximately $29,819,310.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 17,775 shares of company stock valued at $117,617. 29.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FLUX. EF Hutton Acquisition Co. I lifted their target price on shares of Flux Power from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Maxim Group lifted their target price on Flux Power from $6.00 to $10.00 in a report on Friday, February 10th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $15.00 price objective on shares of Flux Power in a research report on Monday, February 13th.

Flux Power Price Performance

NASDAQ FLUX opened at $5.33 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.37 and a quick ratio of 0.51. Flux Power Holdings, Inc. has a 1-year low of $1.89 and a 1-year high of $7.50. The stock has a market capitalization of $85.44 million, a price-to-earnings ratio of -8.46 and a beta of 1.19. The business’s fifty day moving average price is $5.79 and its 200-day moving average price is $4.46.

About Flux Power

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Flux Power Holdings, Inc engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. It focuses on electric fork lifts and airport ground support equipment. The company was founded by Christopher L. Anthony and Michael Johnson on September 21, 1998 and is headquartered in Vista, CA.