Weybosset Research & Management LLC Invests $35,000 in Kopin Co. (KOPN) Stock

Weybosset Research & Management LLC bought a new stake in shares of Kopin Co. (NASDAQ:KOPN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,390 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Kopin by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,207,568 shares of the company’s stock worth $5,342,000 after buying an additional 142,342 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Kopin by 6.1% during the third quarter. Vanguard Group Inc. now owns 4,239,524 shares of the company’s stock valued at $10,259,000 after purchasing an additional 245,490 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Kopin during the fourth quarter valued at about $91,000. BlackRock Inc. lifted its holdings in shares of Kopin by 8.8% in the 3rd quarter. BlackRock Inc. now owns 9,665,876 shares of the company’s stock valued at $23,391,000 after acquiring an additional 780,079 shares during the last quarter. Finally, Cowen Prime Services LLC lifted its holdings in shares of Kopin by 3.9% in the 4th quarter. Cowen Prime Services LLC now owns 305,218 shares of the company’s stock valued at $305,000 after acquiring an additional 11,468 shares during the last quarter. 44.51% of the stock is currently owned by institutional investors.

Several analysts have issued reports on KOPN shares. LADENBURG THALM/SH SH started coverage on shares of Kopin in a research note on Monday, February 4th. They issued a “buy” rating and a $2.20 price objective for the company. Langenberg & Company began coverage on shares of Kopin in a research note on Monday, February 4th. They set a “buy” rating and a $1.32 price target for the company.

Kopin stock traded down $0.07 during midday trading on Monday, hitting $1.22. 6,110 shares of the company’s stock were exchanged, compared to its average volume of 923,784. Kopin Co. has a 12-month low of $0.96 and a 12-month high of $3.81. The company has a market capitalization of $96.88 million, a P/E ratio of -2.60 and a beta of 1.61.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Kopin had a negative net margin of 142.50% and a negative return on equity of 49.85%. The firm had revenue of $7.74 million during the quarter. As a group, sell-side analysts anticipate that Kopin Co. will post -0.33 earnings per share for the current year.

In related news, EVP Bor Yeu Tsaur sold 167,611 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $1.14, for a total value of $191,076.54. Following the sale, the executive vice president now directly owns 429,188 shares of the company’s stock, valued at $489,274.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.00% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Weybosset Research & Management LLC Invests $35,000 in Kopin Co. (KOPN) Stock” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.chaffeybreeze.com/2019/04/15/weybosset-research-management-llc-invests-35000-in-kopin-co-kopn-stock.html.

Kopin Company Profile

Kopin Corporation invents, develops, manufactures, and sells various components and systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the internet via a smartphone and displays the information on the sunglass lens.

Read More: What is a short straddle?

Want to see what other hedge funds are holding KOPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kopin Co. (NASDAQ:KOPN).

Institutional Ownership by Quarter for Kopin (NASDAQ:KOPN)

Receive News & Ratings for Kopin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kopin and related companies with MarketBeat.com's FREE daily email newsletter.