Dimensional Fund Advisors LP Acquires 12,000 Shares of Airgain, Inc. (NASDAQ:AIRG)

Dimensional Fund Advisors LP grew its holdings in Airgain, Inc. (NASDAQ:AIRG) by 12.8% in the fourth quarter, HoldingsChannel reports. The fund owned 105,954 shares of the technology company’s stock after buying an additional 12,000 shares during the period. Dimensional Fund Advisors LP’s holdings in Airgain were worth $748,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AIRG. Bailard Inc. bought a new stake in shares of Airgain in the fourth quarter valued at about $235,000. Essex Investment Management Co. LLC bought a new stake in shares of Airgain in the fourth quarter valued at about $145,000. Farther Finance Advisors LLC boosted its position in shares of Airgain by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company’s stock valued at $306,000 after acquiring an additional 7,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Airgain in the fourth quarter valued at about $73,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Airgain in the fourth quarter valued at about $107,000. Institutional investors own 52.76% of the company’s stock.

Airgain Stock Up 5.3%

AIRG opened at $4.19 on Friday. Airgain, Inc. has a twelve month low of $3.17 and a twelve month high of $10.34. The company has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $6.31. The stock has a market capitalization of $49.42 million, a price-to-earnings ratio of -3.68 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The firm had revenue of $15.08 million for the quarter, compared to the consensus estimate of $16.35 million. Sell-side analysts anticipate that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Airgain in a research report on Monday, May 12th. They issued a “hold” rating for the company. Craig Hallum reduced their target price on shares of Airgain from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, May 8th.

Insider Buying and Selling

In other Airgain news, CEO Jacob Suen sold 12,093 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $4.85, for a total transaction of $58,651.05. Following the completion of the transaction, the chief executive officer now owns 229,999 shares of the company’s stock, valued at approximately $1,115,495.15. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 19,195 shares of company stock valued at $88,255 over the last quarter. 16.10% of the stock is owned by company insiders.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.