AIGH Capital Management LLC Purchases New Stake in Vuzix Corporation $VUZI

AIGH Capital Management LLC purchased a new stake in shares of Vuzix Corporation (NASDAQ:VUZI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 898,648 shares of the company’s stock, valued at approximately $2,813,000. Vuzix makes up approximately 0.8% of AIGH Capital Management LLC’s holdings, making the stock its 29th largest holding. AIGH Capital Management LLC owned about 1.12% of Vuzix at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GatePass Capital LLC purchased a new position in shares of Vuzix in the 3rd quarter valued at $70,000. SG Americas Securities LLC raised its position in Vuzix by 5.1% in the third quarter. SG Americas Securities LLC now owns 75,793 shares of the company’s stock valued at $237,000 after purchasing an additional 3,680 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of Vuzix during the second quarter worth about $71,000. Corient Private Wealth LLC lifted its stake in shares of Vuzix by 14.8% during the second quarter. Corient Private Wealth LLC now owns 183,958 shares of the company’s stock worth $537,000 after purchasing an additional 23,648 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Vuzix by 51.1% in the second quarter. Vident Advisory LLC now owns 322,433 shares of the company’s stock worth $942,000 after buying an additional 109,068 shares during the period. Institutional investors and hedge funds own 35.87% of the company’s stock.

Vuzix Trading Down 2.0%

Vuzix stock opened at $2.98 on Friday. Vuzix Corporation has a 52 week low of $1.47 and a 52 week high of $4.82. The stock has a market cap of $238.79 million, a P/E ratio of -6.48 and a beta of 1.47. The stock has a 50 day moving average of $2.99 and a 200-day moving average of $2.82.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Vuzix had a negative net margin of 702.71% and a negative return on equity of 117.63%. The business had revenue of $1.16 million during the quarter, compared to analyst estimates of $1.92 million.

Insider Activity

In other news, insider Christopher Iain Parkinson sold 9,457 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $2.92, for a total value of $27,614.44. Following the sale, the insider owned 142,793 shares in the company, valued at approximately $416,955.56. This represents a 6.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VUZI. Craig Hallum reiterated a “buy” rating on shares of Vuzix in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vuzix in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Vuzix from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Vuzix currently has a consensus rating of “Hold”.

Vuzix Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.