Insignia Systems, Inc. (NASDAQ:ISIG) major shareholder Air T. Inc bought 17,700 shares of Insignia Systems stock in a transaction that occurred on Friday, May 25th. The stock was bought at an average price of $1.85 per share, for a total transaction of $32,745.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of ISIG stock opened at $1.84 on Wednesday. Insignia Systems, Inc. has a one year low of $0.90 and a one year high of $2.40.
Insignia Systems (NASDAQ:ISIG) last announced its earnings results on Wednesday, March 14th. The business services provider reported $0.05 EPS for the quarter. Insignia Systems had a return on equity of 4.93% and a net margin of 2.45%. The business had revenue of $8.09 million for the quarter.
An institutional investor recently raised its position in Insignia Systems stock. Shepherd Kaplan Krochuk LLC boosted its stake in Insignia Systems, Inc. (NASDAQ:ISIG) by 80.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,191 shares of the business services provider’s stock after acquiring an additional 63,400 shares during the period. Shepherd Kaplan Krochuk LLC owned 1.19% of Insignia Systems worth $225,000 at the end of the most recent quarter. 18.64% of the stock is currently owned by institutional investors.
Separately, TheStreet upgraded Insignia Systems from a “d+” rating to a “c-” rating in a report on Thursday, April 12th.
Insignia Systems Company Profile
Insignia Systems, Inc develops and markets in-store advertising products, programs, and services to retailers and consumer packaged goods manufacturers in the United States and internationally. The company's primary product is the Point-Of-Purchase Services in-store marketing program that allows manufacturers to deliver product information to consumers at the point-of-purchase, and to leverage the local retailer brand and store-specific prices.
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