International Assets Investment Management LLC Acquires 26,100 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

International Assets Investment Management LLC boosted its position in Rekor Systems, Inc. (NASDAQ:REKR) by 257.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,250 shares of the company’s stock after buying an additional 26,100 shares during the quarter. International Assets Investment Management LLC’s holdings in Rekor Systems were worth $82,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lake Hills Wealth Management LLC grew its stake in Rekor Systems by 97.4% in the 1st quarter. Lake Hills Wealth Management LLC now owns 22,541 shares of the company’s stock valued at $52,000 after buying an additional 11,121 shares during the last quarter. Sierra Summit Advisors LLC acquired a new position in Rekor Systems in the 4th quarter valued at $312,000. Cantor Fitzgerald L. P. grew its stake in Rekor Systems by 10.0% in the 4th quarter. Cantor Fitzgerald L. P. now owns 3,507,335 shares of the company’s stock valued at $11,679,000 after buying an additional 320,265 shares during the last quarter. Anthracite Investment Company Inc. acquired a new stake in Rekor Systems in the 4th quarter worth $198,000. Finally, Jump Financial LLC grew its position in Rekor Systems by 308.2% in the 4th quarter. Jump Financial LLC now owns 56,804 shares of the company’s stock worth $189,000 after purchasing an additional 42,888 shares during the last quarter. 45.71% of the stock is currently owned by institutional investors and hedge funds.

Rekor Systems Stock Performance

NASDAQ REKR opened at $1.56 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.26 and a quick ratio of 1.07. The firm has a market capitalization of $133.16 million, a price-to-earnings ratio of -2.14 and a beta of 2.36. The company’s fifty day moving average is $1.64 and its two-hundred day moving average is $2.34. Rekor Systems, Inc. has a 52-week low of $1.28 and a 52-week high of $4.15.

Rekor Systems (NASDAQ:REKR) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.12). Rekor Systems had a negative return on equity of 118.77% and a negative net margin of 133.98%. The company had revenue of $9.78 million during the quarter, compared to analyst estimates of $13.03 million. Equities research analysts forecast that Rekor Systems, Inc. will post -0.53 EPS for the current year.

Analyst Ratings Changes

Separately, William Blair restated an “outperform” rating on shares of Rekor Systems in a research report on Tuesday, March 26th.

Rekor Systems Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.