B. Riley Wealth Advisors Inc. Acquires 25,480 Shares of Vuzix Co. (NASDAQ:VUZI)

B. Riley Wealth Advisors Inc. raised its holdings in shares of Vuzix Co. (NASDAQ:VUZI) by 23.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,527 shares of the company’s stock after acquiring an additional 25,480 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Vuzix were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of VUZI. Keel Point LLC bought a new stake in Vuzix during the 4th quarter valued at $27,000. KLCM Advisors Inc. raised its holdings in Vuzix by 35.9% during the 4th quarter. KLCM Advisors Inc. now owns 30,300 shares of the company’s stock valued at $63,000 after acquiring an additional 8,000 shares during the period. International Assets Investment Management LLC grew its position in shares of Vuzix by 108.5% during the 4th quarter. International Assets Investment Management LLC now owns 33,047 shares of the company’s stock valued at $69,000 after purchasing an additional 17,197 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Vuzix by 34.7% during the 4th quarter. SG Americas Securities LLC now owns 77,162 shares of the company’s stock valued at $161,000 after purchasing an additional 19,888 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC grew its position in shares of Vuzix by 6.4% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock valued at $749,000 after purchasing an additional 21,650 shares in the last quarter. Institutional investors own 35.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy Heydenreich Harned bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average cost of $1.31 per share, for a total transaction of $26,200.00. Following the completion of the transaction, the director now owns 186,016 shares of the company’s stock, valued at $243,680.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 42,000 shares of company stock worth $54,375. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum reduced their price target on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th.

Vuzix Price Performance

VUZI opened at $1.42 on Thursday. The company has a fifty day moving average price of $1.39 and a 200-day moving average price of $1.59. The firm has a market capitalization of $91.91 million, a P/E ratio of -1.80 and a beta of 1.83. Vuzix Co. has a one year low of $1.10 and a one year high of $6.06.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.16) EPS for the quarter. Vuzix had a negative net margin of 502.48% and a negative return on equity of 56.58%. The firm had revenue of $2.00 million for the quarter. During the same period in the prior year, the business earned ($0.16) EPS.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.