Worth Venture Partners LLC Sells 17,242 Shares of Airgain, Inc. (AIRG)
Worth Venture Partners LLC lessened its holdings in Airgain, Inc. (NASDAQ:AIRG) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,292 shares of the technology company’s stock after selling 17,242 shares during the period. Worth Venture Partners LLC owned about 0.47% of Airgain worth $412,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Hood River Capital Management LLC increased its stake in shares of Airgain by 16.4% in the 2nd quarter. Hood River Capital Management LLC now owns 414,879 shares of the technology company’s stock valued at $5,883,000 after purchasing an additional 58,444 shares in the last quarter. Manatuck Hill Partners LLC increased its stake in shares of Airgain by 4.0% in the 2nd quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the technology company’s stock valued at $4,424,000 after purchasing an additional 12,000 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Airgain by 1,138.9% in the 2nd quarter. Blair William & Co. IL now owns 259,292 shares of the technology company’s stock valued at $3,677,000 after purchasing an additional 238,362 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Airgain by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock valued at $3,601,000 after purchasing an additional 32,587 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Airgain by 32.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 241,690 shares of the technology company’s stock valued at $2,196,000 after purchasing an additional 59,481 shares in the last quarter. Hedge funds and other institutional investors own 32.21% of the company’s stock.
Several equities analysts recently weighed in on AIRG shares. Zacks Investment Research lowered Airgain from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. B. Riley cut their price target on Airgain from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Friday. Cowen and Company restated a “buy” rating and issued a $19.00 price target on shares of Airgain in a research note on Thursday, August 10th. Finally, Northland Securities restated a “buy” rating and issued a $15.00 price target on shares of Airgain in a research note on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $16.10.
Airgain, Inc. (AIRG) traded up $0.28 during trading hours on Tuesday, reaching $8.77. The company’s stock had a trading volume of 85,500 shares, compared to its average volume of 172,879. Airgain, Inc. has a 52 week low of $7.31 and a 52 week high of $29.30. The company has a current ratio of 5.07, a quick ratio of 5.00 and a debt-to-equity ratio of 0.01. The stock has a market cap of $80.87, a price-to-earnings ratio of 30.32 and a beta of 1.49.
In other news, Director Francis X. Egan acquired 10,276 shares of the business’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $8.99 per share, for a total transaction of $92,381.24. Following the purchase, the director now owns 50,000 shares in the company, valued at $449,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.40% of the stock is currently owned by insiders.
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Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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