CenterBook Partners LP Invests $2.93 Million in Kopin Corporation $KOPN

CenterBook Partners LP purchased a new position in shares of Kopin Corporation (NASDAQ:KOPN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,249,928 shares of the company’s stock, valued at approximately $2,925,000.

Several other institutional investors also recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in shares of Kopin during the 4th quarter worth approximately $207,000. Telemark Asset Management LLC grew its position in shares of Kopin by 40.0% during the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after buying an additional 2,000,000 shares during the period. State of Wyoming acquired a new stake in shares of Kopin during the 4th quarter worth approximately $206,000. Geode Capital Management LLC grew its position in shares of Kopin by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company’s stock worth $10,080,000 after buying an additional 544,189 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Kopin during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Lake Street Capital lifted their price target on shares of Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Zacks Research cut shares of Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. JonesTrading began coverage on shares of Kopin in a research note on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Canaccord Genuity Group upped their target price on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research note on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kopin presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

Insider Activity at Kopin

In other Kopin news, COO Paul Christopher Baker sold 58,939 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the sale, the chief operating officer owned 420,025 shares of the company’s stock, valued at approximately $2,058,122.50. This represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $3.01, for a total transaction of $291,368.00. Following the completion of the transaction, the chief executive officer owned 2,771,122 shares of the company’s stock, valued at $8,341,077.22. This trade represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 524,760 shares of company stock valued at $1,763,275 in the last ninety days. Insiders own 2.80% of the company’s stock.

Kopin Stock Performance

Shares of NASDAQ:KOPN opened at $5.47 on Tuesday. Kopin Corporation has a 52 week low of $1.44 and a 52 week high of $6.61. The company has a market capitalization of $1.00 billion, a PE ratio of 547.55 and a beta of 3.43. The company has a 50 day moving average price of $4.13 and a two-hundred day moving average price of $3.04.

Kopin (NASDAQ:KOPN) last issued its earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Kopin had a net margin of 5.00% and a return on equity of 4.85%. The firm had revenue of $10.55 million during the quarter, compared to the consensus estimate of $9.96 million. On average, sell-side analysts forecast that Kopin Corporation will post -0.02 earnings per share for the current year.

Kopin Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.