Shufro Rose & Co. LLC increased its holdings in Research Frontiers Incorporated (NASDAQ:REFR) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,750 shares of the technology company’s stock after acquiring an additional 8,000 shares during the period. Shufro Rose & Co. LLC’s holdings in Research Frontiers were worth $485,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in REFR. Cetera Advisors LLC bought a new position in shares of Research Frontiers in the fourth quarter valued at approximately $39,000. Mercer Global Advisors Inc. ADV bought a new position in Research Frontiers during the third quarter valued at $42,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Research Frontiers by 46.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 15,402 shares of the technology company’s stock worth $43,000 after acquiring an additional 4,902 shares in the last quarter. NorthRock Partners LLC purchased a new stake in shares of Research Frontiers during the fourth quarter worth $84,000. Finally, Virtu Financial LLC purchased a new stake in shares of Research Frontiers during the fourth quarter worth $94,000. 16.94% of the stock is owned by institutional investors.
Shares of REFR stock opened at $2.58 on Tuesday. Research Frontiers Incorporated has a 52-week low of $2.01 and a 52-week high of $5.70. The company has a market capitalization of $81.66 million, a PE ratio of -32.25 and a beta of 1.17. The business’s fifty day moving average is $2.87 and its 200 day moving average is $3.28.
Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide. The company develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs.
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