Revolution Lighting Technologies (RVLT) Sees Strong Trading Volume After Insider Buying Activity

Revolution Lighting Technologies Inc (NASDAQ:RVLT) saw strong trading volume on Thursday after an insider bought additional shares in the company. 1,792,743 shares were traded during mid-day trading, an increase of 469% from the previous session’s volume of 315,116 shares.The stock last traded at $4.19 and had previously closed at $3.55.

Specifically, CFO James Depalma purchased 150,000 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $3.60 per share, for a total transaction of $540,000.00. Following the completion of the transaction, the chief financial officer now directly owns 195,000 shares in the company, valued at approximately $702,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Robert V. Lapenta purchased 25,000 shares of the stock in a transaction dated Friday, January 19th. The shares were purchased 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 owns 72,956 shares of the company’s stock, valued at $222,515.80. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,050,000 shares of company stock valued at $3,773,250. 41.97% of the stock is owned by insiders.

Several research analysts have recently commented on RVLT shares. TheStreet lowered Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a research report on Friday, November 3rd. Roth Capital set a $5.00 price target on Revolution Lighting Technologies and gave the stock a “buy” rating in a research report on Thursday, December 28th. Finally, HC Wainwright lowered their price target on Revolution Lighting Technologies from $14.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd.

The stock has a market cap of $94.85, a PE ratio of -13.09 and a beta of 1.97. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.43.

Large investors have recently added to or reduced their stakes in the stock. First Manhattan Co. purchased a new position in Revolution Lighting Technologies in the third quarter valued at $100,000. Teachers Advisors LLC purchased a new position in Revolution Lighting Technologies in the second quarter valued at $143,000. California State Teachers Retirement System purchased a new position in Revolution Lighting Technologies in the second quarter valued at $144,000. Schwab Charles Investment Management Inc. purchased a new position in Revolution Lighting Technologies in the second quarter valued at $182,000. Finally, Bank of New York Mellon Corp purchased a new position in Revolution Lighting Technologies in the second quarter valued at $217,000. Hedge funds and other institutional investors own 39.54% of the company’s stock.

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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.

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