Archon Capital Management LLC bought a new position in shares of I.D. Systems, Inc. (NASDAQ:IDSY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 184,549 shares of the communications equipment provider’s stock, valued at approximately $1,386,000. I.D. Systems accounts for about 0.7% of Archon Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Archon Capital Management LLC owned about 1.06% of I.D. Systems at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in IDSY. Northern Trust Corp increased its holdings in I.D. Systems by 2.6% in the 2nd quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock valued at $188,000 after buying an additional 784 shares during the period. Smith Moore & CO. bought a new stake in shares of I.D. Systems in the 3rd quarter worth about $263,000. American Capital Management Inc. grew its holdings in shares of I.D. Systems by 50.1% in the 2nd quarter. American Capital Management Inc. now owns 103,300 shares of the communications equipment provider’s stock worth $633,000 after purchasing an additional 34,500 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of I.D. Systems in the 2nd quarter worth about $837,000. Finally, Ardsley Advisory Partners grew its holdings in shares of I.D. Systems by 86.9% in the 2nd quarter. Ardsley Advisory Partners now owns 264,021 shares of the communications equipment provider’s stock worth $1,636,000 after purchasing an additional 122,779 shares during the last quarter. 46.68% of the stock is currently owned by institutional investors and hedge funds.
I.D. Systems, Inc. (NASDAQ IDSY) opened at $6.81 on Wednesday. I.D. Systems, Inc. has a 52-week low of $4.70 and a 52-week high of $7.75.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of I.D. Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. B. Riley reiterated a “buy” rating and set a $8.50 price target on shares of I.D. Systems in a research report on Friday, November 10th.
I.D. Systems Company Profile
I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers.
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