CenterBook Partners LP Buys New Stake in Kopin Corporation $KOPN

CenterBook Partners LP bought a new stake in Kopin Corporation (NASDAQ:KOPN) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,249,928 shares of the company’s stock, valued at approximately $2,925,000. CenterBook Partners LP owned about 0.68% of Kopin at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EWA LLC acquired a new position in Kopin in the 4th quarter valued at $25,000. Russell Investments Group Ltd. acquired a new position in Kopin in the 3rd quarter valued at $33,000. Prudential Financial Inc. acquired a new stake in Kopin in the 2nd quarter worth $25,000. Legal & General Group Plc acquired a new stake in Kopin in the 2nd quarter worth $25,000. Finally, AE Wealth Management LLC grew its position in Kopin by 68.7% in the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock worth $41,000 after purchasing an additional 6,873 shares during the last quarter. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kopin

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total value of $461,597.00. Following the completion of the transaction, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. The trade was a 19.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 187,920 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the completion of the transaction, the chief executive officer directly owned 2,931,122 shares of the company’s stock, valued at approximately $8,207,141.60. This represents a 6.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 524,760 shares of company stock valued at $1,763,275. Insiders own 2.80% of the company’s stock.

Kopin Trading Up 0.2%

Shares of NASDAQ KOPN opened at $5.47 on Tuesday. Kopin Corporation has a 1-year low of $1.44 and a 1-year high of $6.61. The company has a market cap of $1.00 billion, a PE ratio of 547.55 and a beta of 3.43. The company has a 50-day moving average of $4.13 and a two-hundred day moving average of $3.04.

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

Analysts Set New Price Targets

Several research firms have issued reports on KOPN. Craig Hallum restated a “buy” rating and issued a $10.00 price target on shares of Kopin in a research report on Tuesday, May 12th. Stifel Nicolaus raised their price target on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. JonesTrading began coverage on shares of Kopin in a research report on Monday, April 27th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kopin presently has an average rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Company 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.