Capstone Asset Management Co. boosted its stake in Kopin Corp. (NASDAQ:KOPN) by 24.4% during the second quarter, Holdings Channel reports. The institutional investor owned 66,730 shares of the company’s stock after buying an additional 13,110 shares during the period. Capstone Asset Management Co.’s holdings in Kopin Corp. were worth $148,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Kopin Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 395,913 shares of the company’s stock worth $657,000 after buying an additional 15,397 shares during the period. State Street Corp raised its position in Kopin Corp. by 1.4% in the first quarter. State Street Corp now owns 1,230,398 shares of the company’s stock worth $2,040,000 after buying an additional 17,174 shares during the period. Royce & Associates LP raised its position in Kopin Corp. by 0.9% in the first quarter. Royce & Associates LP now owns 2,084,926 shares of the company’s stock worth $3,461,000 after buying an additional 18,500 shares during the period. Finally, Renaissance Technologies LLC raised its position in Kopin Corp. by 38.1% in the first quarter. Renaissance Technologies LLC now owns 712,700 shares of the company’s stock worth $1,183,000 after buying an additional 196,779 shares during the period. Institutional investors and hedge funds own 54.09% of the company’s stock.
Shares of Kopin Corp. (NASDAQ:KOPN) traded up 2.83% during mid-day trading on Friday, reaching $2.18. The company’s stock had a trading volume of 335,142 shares. The firm’s market capitalization is $139.61 million. Kopin Corp. has a 52 week low of $1.57 and a 52 week high of $3.18. The firm has a 50-day moving average of $2.19 and a 200-day moving average of $2.05.
Kopin Corp. (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The company earned $4.40 million during the quarter, compared to the consensus estimate of $4.70 million. Kopin Corp. had a negative return on equity of 28.50% and a negative net margin of 93.59%. During the same period in the previous year, the firm posted $0.01 EPS. Equities research analysts forecast that Kopin Corp. will post ($0.39) earnings per share for the current fiscal year.
A number of research firms recently issued reports on KOPN. Zacks Investment Research upgraded Kopin Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 29th. Wunderlich lowered Kopin Corp. from a “buy” rating to a “hold” rating and decreased their target price for the company from $3.00 to $2.00 in a report on Wednesday, August 3rd.
About Kopin Corp.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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