Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Ronald F. Dutt Sells 7,467 Shares

Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Ronald F. Dutt sold 7,467 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.67, for a total transaction of $12,469.89. Following the completion of the sale, the chief executive officer now directly owns 54,698 shares of the company’s stock, valued at $91,345.66. The trade was a 12.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Flux Power Stock Down 0.6 %

Shares of NASDAQ FLUX traded down $0.01 during midday trading on Wednesday, reaching $1.63. The company’s stock had a trading volume of 32,180 shares, compared to its average volume of 82,412. The stock has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $2.09. Flux Power Holdings, Inc. has a fifty-two week low of $1.15 and a fifty-two week high of $5.46. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $27.19 million, a price-to-earnings ratio of -3.20 and a beta of 1.29.

Flux Power (NASDAQ:FLUX) last announced its earnings results on Wednesday, January 29th. The company reported ($0.17) EPS for the quarter. Flux Power had a negative return on equity of 160.99% and a negative net margin of 13.70%. Equities research analysts predict that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FLUX shares. Maxim Group cut their price objective on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a report on Monday, February 3rd. HC Wainwright decreased their target price on shares of Flux Power from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 24th.

Hedge Funds Weigh In On Flux Power

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in Flux Power by 8.0% during the fourth quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock worth $761,000 after purchasing an additional 35,826 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Flux Power by 7.3% in the 4th quarter. HighTower Advisors LLC now owns 294,312 shares of the company’s stock worth $465,000 after acquiring an additional 20,000 shares in the last quarter. Park Edge Advisors LLC grew its holdings in Flux Power by 32.0% in the fourth quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock worth $163,000 after purchasing an additional 25,000 shares during the period. Jane Street Group LLC boosted its holdings in Flux Power by 145.0% in the fourth quarter. Jane Street Group LLC now owns 26,062 shares of the company’s stock worth $41,000 after acquiring an additional 15,425 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Flux Power during the 4th quarter valued at about $27,000. 37.96% of the stock is currently owned by institutional investors and hedge funds.

Flux Power Company Profile

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.