Dimensional Fund Advisors LP Has $748,000 Stake in Airgain, Inc. (NASDAQ:AIRG)

Dimensional Fund Advisors LP lifted its holdings in shares of Airgain, Inc. (NASDAQ:AIRG) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,954 shares of the technology company’s stock after buying an additional 12,000 shares during the quarter. Dimensional Fund Advisors LP owned about 0.93% of Airgain worth $748,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Virtu Financial LLC bought a new position in Airgain during the 4th quarter worth approximately $73,000. Marshall Wace LLP bought a new position in Airgain during the 4th quarter worth approximately $75,000. Arrowstreet Capital Limited Partnership bought a new position in Airgain during the 4th quarter worth approximately $107,000. Essex Investment Management Co. LLC bought a new position in Airgain in the fourth quarter valued at approximately $145,000. Finally, Bailard Inc. bought a new position in Airgain in the fourth quarter valued at approximately $235,000. Institutional investors and hedge funds own 52.76% of the company’s stock.

Airgain Stock Performance

Shares of AIRG opened at $4.19 on Friday. Airgain, Inc. has a twelve month low of $3.17 and a twelve month high of $10.34. The firm’s 50 day moving average price is $3.89 and its two-hundred day moving average price is $6.31. The firm has a market cap of $49.42 million, a P/E ratio of -3.68 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. The business had revenue of $15.08 million during the quarter, compared to analyst estimates of $16.35 million. On average, sell-side analysts anticipate that Airgain, Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jacob Suen sold 12,093 shares of Airgain stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $4.85, for a total value of $58,651.05. Following the sale, the chief executive officer now directly owns 229,999 shares in the company, valued at $1,115,495.15. This trade represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 19,195 shares of company stock worth $88,255 over the last ninety days. Insiders own 16.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Craig Hallum cut their price target on shares of Airgain from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. StockNews.com assumed coverage on shares of Airgain in a research note on Monday, May 12th. They issued a “hold” rating on the stock.

Airgain Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.