Penbrook Management LLC Maintains Stake in Data I/O Co. (DAIO)
Penbrook Management LLC
revealed that they own a 5.9% stake in Data I/O Co. (NASDAQ:DAIO) in a Schedule 13G/A disclosure that was filed with the SEC on Wednesday, February 21st. The investor owns 486,350 shares of the stock valued at approximately $5,359,577. The reporting parties listed on the disclosure included Penbrook Management, LLC, AnKap Partners, LP, AnKap LLC, Robert S Anderson, Ralph Kaplan and Barbara Burke DiCostanzo. The filing is available through the SEC website at this hyperlink.
In related news, Director Douglas Wells Brown sold 7,040 shares of Data I/O stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $13.09, for a total value of $92,153.60. Following the completion of the sale, the director now owns 31,774 shares of the company’s stock, valued at approximately $415,921.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alan B. Howe sold 15,000 shares of Data I/O stock in a transaction on Monday, November 27th. The shares were sold at an average price of $16.11, for a total transaction of $241,650.00. Following the completion of the sale, the director now directly owns 41,900 shares of the company’s stock, valued at approximately $675,009. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,040 shares of company stock valued at $653,204. Insiders own 8.60% of the company’s stock.
Shares of Data I/O Co. (DAIO) traded up $0.40 during mid-day trading on Wednesday, hitting $11.02. 97,900 shares of the stock traded hands, compared to its average volume of 154,471. The firm has a market cap of $87.52, a P/E ratio of 20.04 and a beta of 1.22. Data I/O Co. has a one year low of $4.01 and a one year high of $16.49.
Several brokerages have recently commented on DAIO. Lake Street Capital began coverage on shares of Data I/O in a research report on Monday, November 13th. They set a “buy” rating and a $13.00 price objective for the company. R. F. Lafferty began coverage on shares of Data I/O in a research report on Wednesday, February 7th. They set a “buy” rating and a $15.00 price objective for the company.
Data I/O Company Profile
Data I/O Corporation provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. It designs, manufactures and sells programming systems used by designers and manufacturers of electronic products.
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