Ameritas Investment Partners Inc. Invests $50,000 in Kopin Co. (NASDAQ:KOPN)

Ameritas Investment Partners Inc. bought a new position in Kopin Co. (NASDAQ:KOPN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,085 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KOPN. UBS Group AG boosted its stake in Kopin by 287.1% in the first quarter. UBS Group AG now owns 16,500 shares of the company’s stock worth $173,000 after buying an additional 12,237 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kopin by 31.5% in the first quarter. Geode Capital Management LLC now owns 617,994 shares of the company’s stock worth $6,482,000 after buying an additional 147,913 shares in the last quarter. Citigroup Inc. purchased a new stake in Kopin in the first quarter worth approximately $633,000. Barclays PLC purchased a new stake in Kopin in the first quarter worth approximately $505,000. Finally, Trexquant Investment LP purchased a new stake in Kopin in the first quarter worth approximately $403,000. 27.15% of the stock is owned by institutional investors and hedge funds.

NASDAQ:KOPN opened at $5.63 on Friday. The firm has a market cap of $515.09 million, a PE ratio of -70.37 and a beta of 2.18. Kopin Co. has a fifty-two week low of $1.17 and a fifty-two week high of $13.62. The business has a 50 day moving average price of $6.06 and a 200-day moving average price of $7.68.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Tuesday, August 3rd. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $9.91 million for the quarter, compared to analysts’ expectations of $11.00 million. Kopin had a negative net margin of 17.08% and a negative return on equity of 14.84%. As a group, equities research analysts forecast that Kopin Co. will post -0.13 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered Kopin from a “hold” rating to a “sell” rating in a research note on Thursday, July 8th.

In related news, insider Paul Christopher Baker sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of $5.93, for a total transaction of $44,475.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.40% of the stock is owned by corporate insiders.

Kopin Company Profile

Kopin Corp. engages in the development, manufacture and sale of wearable technologies which include components and systems. Its portfolio includes AMLCD, LCOS displays, OLED displays, ASIC, backlights, and optical lenses. The firm uses semiconductor material technology to design, manufacture and market its component products for use in military, enterprise and consumer electronic applications, training and simulation equipment and 3D metrology equipment.

Read More: Capital Gains

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Institutional Ownership by Quarter for Kopin (NASDAQ:KOPN)

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