Insider Buying: Revolution Lighting Technologies Inc (RVLT) Chairman Acquires 25,000 Shares of Stock

Revolution Lighting Technologies Inc (NASDAQ:RVLT) Chairman Robert V. Lapenta acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was acquired at an average price of $3.05 per share, with a total value of $76,250.00. Following the completion of the transaction, the chairman now directly owns 72,956 shares in the company, valued at approximately $222,515.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Revolution Lighting Technologies Inc (RVLT) opened at $4.15 on Wednesday. The company has a market capitalization of $88.26, a P/E ratio of -12.97 and a beta of 1.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.41 and a quick ratio of 1.60. Revolution Lighting Technologies Inc has a 12 month low of $2.95 and a 12 month high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last released its earnings results on Thursday, October 26th. The electronics maker reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $43.10 million for the quarter, compared to analysts’ expectations of $42.56 million. Revolution Lighting Technologies had a negative return on equity of 2.39% and a negative net margin of 3.94%. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. equities research analysts expect that Revolution Lighting Technologies Inc will post -0.62 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on RVLT shares. Roth Capital set a $8.00 price objective on Revolution Lighting Technologies and gave the company a “buy” rating in a research report on Friday, October 27th. HC Wainwright reiterated a “buy” rating on shares of Revolution Lighting Technologies in a research report on Friday, October 27th. Finally, TheStreet lowered Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a research report on Friday, November 3rd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Manhattan Co. bought a new stake in Revolution Lighting Technologies in the 3rd quarter valued at approximately $100,000. Teachers Advisors LLC bought a new stake in Revolution Lighting Technologies in the 2nd quarter valued at approximately $143,000. California State Teachers Retirement System bought a new stake in Revolution Lighting Technologies in the 2nd quarter valued at approximately $144,000. Schwab Charles Investment Management Inc. bought a new stake in Revolution Lighting Technologies in the 2nd quarter valued at approximately $182,000. Finally, Bank of New York Mellon Corp bought a new stake in Revolution Lighting Technologies in the 2nd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

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About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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