Penbrook Management LLC Buys Shares of 48,575 Kopin Co. (NASDAQ:KOPN)

Penbrook Management LLC purchased a new stake in Kopin Co. (NASDAQ:KOPN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,575 shares of the company’s stock, valued at approximately $66,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KOPN. Royce & Associates LP raised its stake in Kopin by 485.4% during the 3rd quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after acquiring an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after purchasing an additional 703,740 shares in the last quarter. Stifel Financial Corp lifted its holdings in Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after purchasing an additional 471,258 shares during the period. Affinity Capital Advisors LLC acquired a new stake in Kopin in the third quarter worth about $54,000. Finally, FMR LLC grew its position in Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after buying an additional 57,604 shares in the last quarter. 30.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on KOPN shares. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Kopin in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group increased their price target on Kopin from $2.00 to $2.50 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2.63.

Kopin Price Performance

Shares of KOPN opened at $1.64 on Thursday. The firm’s 50 day moving average is $1.30 and its 200-day moving average is $1.02. Kopin Co. has a 12-month low of $0.56 and a 12-month high of $2.82. The stock has a market capitalization of $260.43 million, a P/E ratio of -4.00 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. As a group, equities research analysts forecast that Kopin Co. will post -0.14 EPS for the current fiscal year.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.