First Light Asset Management LLC increased its stake in shares of IRIDEX Co. (NASDAQ:IRIX) by 22.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,687 shares of the medical equipment provider’s stock after buying an additional 69,888 shares during the quarter. First Light Asset Management LLC owned 3.33% of IRIDEX worth $2,218,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of IRIDEX by 12.8% during the 4th quarter. Renaissance Technologies LLC now owns 272,900 shares of the medical equipment provider’s stock worth $2,079,000 after buying an additional 31,000 shares during the period. Lyon Street Capital LLC lifted its position in shares of IRIDEX by 9.3% during the 4th quarter. Lyon Street Capital LLC now owns 483,760 shares of the medical equipment provider’s stock worth $3,686,000 after buying an additional 41,113 shares during the period. Deutsche Bank AG lifted its position in shares of IRIDEX by 31.6% during the 4th quarter. Deutsche Bank AG now owns 35,430 shares of the medical equipment provider’s stock worth $269,000 after buying an additional 8,509 shares during the period. Isthmus Partners LLC lifted its position in shares of IRIDEX by 10.0% during the 1st quarter. Isthmus Partners LLC now owns 88,464 shares of the medical equipment provider’s stock worth $506,000 after buying an additional 8,056 shares during the period. Finally, Blair William & Co. IL bought a new position in shares of IRIDEX during the 1st quarter worth approximately $249,000. Institutional investors and hedge funds own 48.84% of the company’s stock.
Shares of IRIDEX opened at $7.03 on Thursday, according to MarketBeat. IRIDEX Co. has a 52-week low of $4.28 and a 52-week high of $10.98. The firm has a market capitalization of $81.46 million, a price-to-earnings ratio of -6.33 and a beta of 1.42.
Separately, Zacks Investment Research downgraded IRIDEX from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st.
IRIDEX Company Profile
IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. The company offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of diabetic macular edema and other retinal diseases; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser systems, which are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments.
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