Revolution Lighting Technologies Inc (RVLT) Chairman Purchases $76,250.00 in Stock

Revolution Lighting Technologies Inc (NASDAQ:RVLT) Chairman Robert V. Lapenta acquired 25,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were bought at an average cost of $3.05 per share, with a total value of $76,250.00. Following the completion of the acquisition, the chairman now directly owns 72,956 shares in the company, valued at approximately $222,515.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Revolution Lighting Technologies Inc (NASDAQ RVLT) traded up $0.02 during mid-day trading on Monday, hitting $3.32. The stock had a trading volume of 99,377 shares, compared to its average volume of 201,143. The company has a market capitalization of $70.61, a price-to-earnings ratio of -10.38 and a beta of 1.97. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.43. Revolution Lighting Technologies Inc has a 52 week low of $2.95 and a 52 week high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last released its earnings results on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $43.10 million during the quarter, compared to analyst estimates of $42.56 million. Revolution Lighting Technologies had a negative return on equity of 2.39% and a negative net margin of 3.94%. Revolution Lighting Technologies’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. equities research analysts anticipate that Revolution Lighting Technologies Inc will post -0.62 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Revolution Lighting Technologies by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 46,742 shares of the electronics maker’s stock valued at $308,000 after purchasing an additional 1,239 shares during the last quarter. First Manhattan Co. purchased a new position in Revolution Lighting Technologies in the third quarter valued at approximately $100,000. Signia Capital Management LLC lifted its stake in Revolution Lighting Technologies by 2.2% in the third quarter. Signia Capital Management LLC now owns 850,212 shares of the electronics maker’s stock valued at $5,526,000 after purchasing an additional 18,499 shares during the last quarter. Teachers Advisors LLC purchased a new position in Revolution Lighting Technologies in the second quarter valued at approximately $143,000. Finally, California State Teachers Retirement System purchased a new position in Revolution Lighting Technologies in the second quarter valued at approximately $144,000. Institutional investors and hedge funds own 36.85% of the company’s stock.

Several equities analysts have recently issued reports on the company. Roth Capital set a $8.00 target price on Revolution Lighting Technologies and gave the company a “buy” rating in a report on Friday, October 27th. HC Wainwright reaffirmed a “buy” rating and issued a $16.00 target price on shares of Revolution Lighting Technologies in a report on Monday, September 25th. Finally, TheStreet lowered Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd.

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About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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