Stratos Wealth Partners LTD. Acquires New Shares in Myomo, Inc. (NYSEAMERICAN:MYO)

Stratos Wealth Partners LTD. acquired a new stake in Myomo, Inc. (NYSEAMERICAN:MYO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $125,000. Stratos Wealth Partners LTD. owned about 0.09% of Myomo at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. AIGH Capital Management LLC grew its stake in Myomo by 9.4% in the third quarter. AIGH Capital Management LLC now owns 2,188,883 shares of the company’s stock valued at $2,430,000 after acquiring an additional 188,883 shares during the period. Worth Venture Partners LLC grew its stake in Myomo by 24.9% in the third quarter. Worth Venture Partners LLC now owns 1,397,861 shares of the company’s stock valued at $1,552,000 after acquiring an additional 278,544 shares during the period. UBS Group AG acquired a new position in Myomo in the third quarter valued at about $555,000. Essex Investment Management Co. LLC acquired a new position in Myomo in the third quarter valued at about $325,000. Finally, Vanguard Group Inc. acquired a new position in Myomo in the third quarter valued at about $177,000. Institutional investors own 44.99% of the company’s stock.

Insider Transactions at Myomo

In other news, Director Thomas F. Kirk acquired 50,000 shares of Myomo stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $3.50 per share, with a total value of $175,000.00. Following the completion of the transaction, the director now directly owns 186,499 shares of the company’s stock, valued at $652,746.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by insiders.

Myomo Stock Down 1.4 %

NYSEAMERICAN:MYO opened at $2.78 on Thursday. Myomo, Inc. has a 1 year low of $0.37 and a 1 year high of $5.58. The stock has a market capitalization of $79.20 million, a price-to-earnings ratio of -9.93 and a beta of 1.52.

Myomo (NYSEAMERICAN:MYO) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $4.76 million for the quarter, compared to analyst estimates of $4.70 million. Myomo had a negative return on equity of 84.72% and a negative net margin of 42.34%. As a group, equities research analysts anticipate that Myomo, Inc. will post -0.18 earnings per share for the current year.

About Myomo

Myomo, Inc, a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States, Germany, China, and internationally. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis product used for supporting a patient's weak or paralyzed arm to enable and improve functional activities of daily living.