Revolution Lighting Technologies (RVLT) Sees Large Volume Increase After Insider Buying Activity

Revolution Lighting Technologies Inc (NASDAQ:RVLT) shares saw unusually-high trading volume on Tuesday after an insider bought additional shares in the company. Approximately 998,179 shares traded hands during trading, an increase of 293% from the previous session’s volume of 254,273 shares.The stock last traded at $4.15 and had previously closed at $3.32.

Specifically, Chairman Robert V. Lapenta purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were bought at an average cost of $3.05 per share, with a total value of $76,250.00. Following the acquisition, the chairman now owns 72,956 shares of the company’s stock, valued at approximately $222,515.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 41.97% of the company’s stock.

RVLT has been the topic of several research reports. HC Wainwright decreased their price target on shares of Revolution Lighting Technologies from $14.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. TheStreet lowered shares of Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd. Finally, Roth Capital set a $8.00 price target on shares of Revolution Lighting Technologies and gave the company a “buy” rating in a report on Friday, October 27th.

The stock has a market cap of $88.26, a price-to-earnings ratio of -12.97 and a beta of 1.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.60 and a current ratio of 2.41.

Revolution Lighting Technologies (NASDAQ:RVLT) last announced its quarterly earnings results on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $43.10 million for the quarter, compared to analyst estimates of $42.56 million. Revolution Lighting Technologies had a negative net margin of 3.94% and a negative return on equity of 2.39%. The firm’s revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. analysts forecast that Revolution Lighting Technologies Inc will post -0.62 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northpointe Capital LLC grew its holdings in Revolution Lighting Technologies by 114.0% during the 4th quarter. Northpointe Capital LLC now owns 1,073,015 shares of the electronics maker’s stock worth $3,530,000 after acquiring an additional 571,592 shares during the last quarter. DnB Asset Management AS bought a new stake in Revolution Lighting Technologies during the 4th quarter worth approximately $404,000. Signia Capital Management LLC grew its holdings in Revolution Lighting Technologies by 2.2% during the 3rd quarter. Signia Capital Management LLC now owns 850,212 shares of the electronics maker’s stock worth $5,526,000 after acquiring an additional 18,499 shares during the last quarter. Cowen Prime Services LLC bought a new stake in Revolution Lighting Technologies during the 3rd quarter worth approximately $4,428,000. Finally, Lapides Asset Management LLC grew its holdings in Revolution Lighting Technologies by 24.9% during the 3rd quarter. Lapides Asset Management LLC now owns 118,400 shares of the electronics maker’s stock worth $770,000 after acquiring an additional 23,600 shares during the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

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Revolution Lighting Technologies Company Profile

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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