Trade Report: Today, Voxx International Corp. (VOXX) Trading 3% Higher Following Insider Buying Activity

Today, Voxx International Corp. (VOXX) Trading 3% Higher  Following Insider Buying Activity

Voxx International Corp. (NASDAQ:VOXX)’s share price rose 3% on Thursday following insider buying activity. The stock traded as high as $2.74 and last traded at $2.73, with a volume of 190,465 shares changing hands. The stock had previously closed at $2.65.

Specifically, insider Patrick M. Lavelle acquired 16,154 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were purchased at an average cost of $3.04 per share, for a total transaction of $49,108.16. Following the transaction, the insider now directly owns 55,299 shares in the company, valued at approximately $168,108.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ari Shalam acquired 13,333 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was purchased at an average price of $2.99 per share, for a total transaction of $39,865.67. Following the completion of the transaction, the director now owns 7,734 shares in the company, valued at $23,124.66. The disclosure for this purchase can be found here. 17.51% of the stock is currently owned by corporate insiders.

Separately, Zacks Investment Research upgraded shares of Voxx International Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Wednesday, July 20th.

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The company’s market cap is $65.72 million. The company has a 50 day moving average of $3.03 and a 200 day moving average of $3.37.

Voxx International Corp. (NASDAQ:VOXX) last announced its earnings results on Monday, July 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.08. Voxx International Corp. had a negative net margin of 0.93% and a positive return on equity of 0.78%. The business earned $155.50 million during the quarter. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities research analysts predict that Voxx International Corp. will post $0.26 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Voxx International Corp. by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,743,430 shares of the company’s stock worth $4,864,000 after buying an additional 12,659 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Voxx International Corp. by 95.7% in the second quarter. Oppenheimer & Co. Inc. now owns 54,800 shares of the company’s stock worth $153,000 after buying an additional 26,800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Voxx International Corp. by 28.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,500 shares of the company’s stock worth $133,000 after buying an additional 10,500 shares during the last quarter. Royce & Associates LP raised its position in shares of Voxx International Corp. by 13.6% in the second quarter. Royce & Associates LP now owns 1,325,427 shares of the company’s stock worth $3,698,000 after buying an additional 158,436 shares during the last quarter. Finally, Oxford Asset Management raised its position in shares of Voxx International Corp. by 459.4% in the second quarter. Oxford Asset Management now owns 152,650 shares of the company’s stock worth $426,000 after buying an additional 125,363 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

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