Alpine Global Management LLC Invests $39,000 in MicroVision, Inc. (NASDAQ:MVIS)

Alpine Global Management LLC bought a new stake in MicroVision, Inc. (NASDAQ:MVIS) during the first quarter, Holdings Channel reports. The institutional investor bought 21,387 shares of the electronics maker’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in MicroVision by 24.1% during the fourth quarter. Victory Capital Management Inc. now owns 25,355 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 4,926 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of MicroVision by 163.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 29,406 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 18,226 shares during the last quarter. Tower Research Capital LLC TRC increased its position in MicroVision by 604.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,223 shares of the electronics maker’s stock worth $88,000 after buying an additional 28,505 shares during the last quarter. Thoroughbred Financial Services LLC bought a new position in MicroVision during the fourth quarter valued at about $104,000. Finally, International Assets Investment Management LLC boosted its stake in shares of MicroVision by 166.0% during the 4th quarter. International Assets Investment Management LLC now owns 93,100 shares of the electronics maker’s stock worth $248,000 after acquiring an additional 58,100 shares in the last quarter. 30.90% of the stock is owned by hedge funds and other institutional investors.

MicroVision Trading Down 3.4 %

Shares of NASDAQ:MVIS traded down $0.04 during midday trading on Friday, hitting $1.12. The company’s stock had a trading volume of 1,593,309 shares, compared to its average volume of 1,937,303. MicroVision, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $4.04. The stock’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $1.66.

MicroVision (NASDAQ:MVIS) last released its earnings results on Thursday, May 9th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter. MicroVision had a negative net margin of 1,212.54% and a negative return on equity of 90.04%. The business had revenue of $0.96 million during the quarter. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Equities research analysts predict that MicroVision, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reiterated a “neutral” rating and set a $3.00 price target on shares of MicroVision in a report on Monday, July 22nd.

MicroVision Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.