Acuitas Investments LLC Takes $855,000 Position in VOXX International Co. (NASDAQ:VOXX)

Acuitas Investments LLC bought a new position in shares of VOXX International Co. (NASDAQ:VOXX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 270,711 shares of the auto parts company’s stock, valued at approximately $855,000. Acuitas Investments LLC owned 1.20% of VOXX International as of its most recent SEC filing.

Separately, BNP Paribas Financial Markets lifted its stake in VOXX International by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 2,353 shares during the period. 71.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at VOXX International

In related news, Director Beat Kahli sold 20,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other VOXX International news, major shareholder Corp Gentex bought 3,152,500 shares of VOXX International stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the purchase, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Beat Kahli sold 20,000 shares of VOXX International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. The disclosure for this sale can be found here. Company insiders own 49.81% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of VOXX International from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

VOXX International Trading Down 0.5 %

NASDAQ VOXX opened at $5.77 on Friday. The stock has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $5.16. The company has a current ratio of 2.43, a quick ratio of 1.11 and a debt-to-equity ratio of 0.28. VOXX International Co. has a fifty-two week low of $2.27 and a fifty-two week high of $11.74.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results on Wednesday, July 10th. The auto parts company reported ($0.40) earnings per share for the quarter. VOXX International had a negative net margin of 8.78% and a negative return on equity of 14.59%. The company had revenue of $91.66 million for the quarter.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.