Romeo R. Dizon Sells 2,806 Shares of IRIDEX Co. (IRIX) Stock

IRIDEX Co. (NASDAQ:IRIX) insider Romeo R. Dizon sold 2,806 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $5.86, for a total value of $16,443.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:IRIX opened at $5.67 on Friday. IRIDEX Co. has a 12-month low of $5.31 and a 12-month high of $12.43. The company has a market capitalization of $66.51, a price-to-earnings ratio of -5.11 and a beta of 1.40.

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IRIDEX (NASDAQ:IRIX) last announced its quarterly earnings results on Thursday, March 8th. The medical equipment provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.17). IRIDEX had a negative net margin of 30.93% and a negative return on equity of 35.98%. The company had revenue of $10.24 million during the quarter, compared to analyst estimates of $10.22 million. equities research analysts predict that IRIDEX Co. will post -1.14 EPS for the current fiscal year.

Separately, Zacks Investment Research raised IRIDEX from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th.

Institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC purchased a new stake in shares of IRIDEX in the third quarter valued at approximately $141,000. Deutsche Bank AG increased its position in shares of IRIDEX by 31.6% in the fourth quarter. Deutsche Bank AG now owns 35,430 shares of the medical equipment provider’s stock valued at $269,000 after buying an additional 8,509 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of IRIDEX by 12.8% in the fourth quarter. Renaissance Technologies LLC now owns 272,900 shares of the medical equipment provider’s stock valued at $2,079,000 after buying an additional 31,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of IRIDEX by 0.4% in the second quarter. Vanguard Group Inc. now owns 392,317 shares of the medical equipment provider’s stock valued at $3,880,000 after buying an additional 1,731 shares in the last quarter. Finally, Lyon Street Capital LLC increased its position in shares of IRIDEX by 4.5% in the third quarter. Lyon Street Capital LLC now owns 442,647 shares of the medical equipment provider’s stock valued at $4,148,000 after buying an additional 19,059 shares in the last quarter. Institutional investors and hedge funds own 48.18% of the company’s stock.

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About IRIDEX

IRIDEX Corporation 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 used for 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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