Kovack Advisors Inc. Has $306,000 Holdings in EMCORE Co. (NASDAQ:EMKR)

Kovack Advisors Inc. raised its position in EMCORE Co. (NASDAQ:EMKR) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 887,400 shares of the semiconductor company’s stock after buying an additional 83,100 shares during the period. Kovack Advisors Inc. owned 0.11% of EMCORE worth $306,000 as of its most recent filing with the SEC.

Separately, Penn Capital Management Company LLC increased its stake in EMCORE by 57.0% in the 4th quarter. Penn Capital Management Company LLC now owns 3,540,170 shares of the semiconductor company’s stock valued at $1,731,000 after buying an additional 1,284,624 shares during the last quarter. Institutional investors own 65.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Alliance Global Partners reiterated a “neutral” rating on shares of EMCORE in a research note on Thursday, May 9th. Northland Capmk lowered shares of EMCORE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, StockNews.com upgraded shares of EMCORE from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th.

Insider Transactions at EMCORE

In other news, major shareholder Archon Capital Management Llc sold 1,255,258 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1.12, for a total transaction of $1,405,888.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is currently owned by company insiders.

EMCORE Trading Up 1.8 %

Shares of EMKR stock opened at $1.16 on Friday. The company has a 50 day moving average of $1.31 and a 200-day moving average of $25.32. The company has a quick ratio of 1.85, a current ratio of 3.27 and a debt-to-equity ratio of 0.11. EMCORE Co. has a 12-month low of $0.78 and a 12-month high of $9.50. The firm has a market cap of $9.59 million, a P/E ratio of -0.13 and a beta of 1.51.

EMCORE (NASDAQ:EMKR) last issued its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.51. EMCORE had a negative net margin of 68.57% and a negative return on equity of 27.56%. The company had revenue of $19.63 million during the quarter, compared to analyst estimates of $24.00 million. Sell-side analysts anticipate that EMCORE Co. will post -0.25 earnings per share for the current year.

About EMCORE

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.