Revolution Lighting Technologies Inc (NASDAQ:RVLT) Chairman Robert V. Lapenta purchased 25,000 shares of the stock in a transaction dated Thursday, January 25th. The stock was purchased at an average cost of $3.88 per share, for a total transaction of $97,000.00. Following the completion of the acquisition, the chairman now owns 100,000 shares of the company’s stock, valued at approximately $388,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Revolution Lighting Technologies Inc (NASDAQ:RVLT) opened at $3.55 on Thursday. Revolution Lighting Technologies Inc has a fifty-two week low of $2.95 and a fifty-two week high of $9.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.60 and a current ratio of 2.41.
RVLT has been the topic of a number of recent analyst reports. HC Wainwright reissued a “buy” rating on shares of Revolution Lighting Technologies in a report on Friday, October 27th. Roth Capital set a $5.00 price target on shares of Revolution Lighting Technologies and gave the stock a “buy” rating in a report on Thursday, December 28th. Finally, TheStreet downgraded shares of Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd.
Institutional investors and hedge funds have recently made changes to their positions in the stock. First Manhattan Co. purchased a new stake in Revolution Lighting Technologies in the third quarter valued at approximately $100,000. Teachers Advisors LLC purchased a new stake in Revolution Lighting Technologies in the second quarter valued at approximately $143,000. California State Teachers Retirement System purchased a new stake in Revolution Lighting Technologies in the second quarter valued at approximately $144,000. Schwab Charles Investment Management Inc. purchased a new stake in Revolution Lighting Technologies in the second quarter valued at approximately $182,000. Finally, Bank of New York Mellon Corp purchased a new stake in Revolution Lighting Technologies in the second quarter valued at approximately $217,000. 39.54% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/01/revolution-lighting-technologies-inc-rvlt-chairman-acquires-97000-00-in-stock.html.
Revolution Lighting Technologies Company Profile
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.
Receive News & Ratings for Revolution Lighting Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolution Lighting Technologies and related companies with MarketBeat.com's FREE daily email newsletter.