SG Capital Management LLC Invests $268,000 in LRAD Corp (LRAD)

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SG Capital Management LLC bought a new position in LRAD Corp (NASDAQ:LRAD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 87,429 shares of the scientific and technical instruments company’s stock, valued at approximately $268,000. SG Capital Management LLC owned about 0.27% of LRAD at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of LRAD in the second quarter worth $107,000. Dimensional Fund Advisors LP grew its stake in shares of LRAD by 46.9% in the first quarter. Dimensional Fund Advisors LP now owns 68,312 shares of the scientific and technical instruments company’s stock worth $157,000 after acquiring an additional 21,802 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of LRAD by 20.3% in the second quarter. Renaissance Technologies LLC now owns 229,436 shares of the scientific and technical instruments company’s stock worth $603,000 after acquiring an additional 38,736 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its stake in shares of LRAD by 21.1% in the second quarter. Manatuck Hill Partners LLC now owns 2,864,680 shares of the scientific and technical instruments company’s stock worth $7,534,000 after acquiring an additional 500,000 shares during the last quarter. 45.97% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ LRAD opened at $3.03 on Friday. LRAD Corp has a 12 month low of $1.86 and a 12 month high of $3.58. The firm has a market capitalization of $98.81 million, a PE ratio of 100.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.04 and a current ratio of 4.97.

LRAD (NASDAQ:LRAD) last released its earnings results on Tuesday, August 14th. The scientific and technical instruments company reported $0.00 EPS for the quarter. The firm had revenue of $7.05 million for the quarter. LRAD had a positive return on equity of 2.51% and a negative net margin of 3.78%.

LRAD Profile

LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.

Further Reading: Technical Analysis of Stocks, How Can It Help

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