Royce & Associates LP lessened its holdings in Airgain Inc (NASDAQ:AIRG) by 40.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,000 shares of the technology company’s stock after selling 147,223 shares during the quarter. Royce & Associates LP owned 2.24% of Airgain worth $1,936,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Skylands Capital LLC acquired a new stake in shares of Airgain in the 3rd quarter valued at $1,854,000. Rice Hall James & Associates LLC acquired a new stake in shares of Airgain in the 3rd quarter valued at $1,351,000. Menta Capital LLC acquired a new stake in shares of Airgain in the 2nd quarter valued at $251,000. Worth Venture Partners LLC boosted its stake in shares of Airgain by 56.8% in the 2nd quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock valued at $887,000 after purchasing an additional 22,653 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in shares of Airgain by 16.4% in the 2nd quarter. Hood River Capital Management LLC now owns 414,879 shares of the technology company’s stock valued at $5,883,000 after purchasing an additional 58,444 shares in the last quarter. 24.50% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. B. Riley reduced their target price on shares of Airgain from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Airgain from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Northland Securities restated a “buy” rating and issued a $15.00 target price on shares of Airgain in a research note on Friday, November 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.10.
Shares of Airgain Inc (NASDAQ:AIRG) traded up $0.07 during midday trading on Friday, reaching $9.27. 156,825 shares of the company traded hands, compared to its average volume of 69,758. The firm has a market cap of $88.79 and a P/E ratio of 54.53. The company has a current ratio of 5.02, a quick ratio of 4.95 and a debt-to-equity ratio of 0.01. Airgain Inc has a 1-year low of $7.31 and a 1-year high of $18.20.
In related news, Director Arthur M. Toscanini sold 8,023 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $9.34, for a total transaction of $74,934.82. Following the transaction, the director now owns 71,587 shares in the company, valued at approximately $668,622.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 23.40% of the stock is owned by corporate insiders.
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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