Boxlight Co. (NASDAQ:BOXL – Get Rating) CEO Michael Ross Pope sold 49,297 shares of the business’s stock in a transaction dated Saturday, May 14th. The stock was sold at an average price of $1.08, for a total value of $53,240.76. Following the sale, the chief executive officer now owns 1,002,216 shares in the company, valued at approximately $1,082,393.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Michael Ross Pope also recently made the following trade(s):

• On Monday, June 6th, Michael Ross Pope purchased 10,000 shares of Boxlight stock. The shares were purchased at an average price of $0.80 per share, for a total transaction of $8,000.00.

NASDAQ:BOXL traded down $0.01 on Friday, hitting $0.75. 346,872 shares of the company’s stock traded hands, compared to its average volume of 625,438. The company has a market cap of $49.16 million, a PE ratio of -3.56 and a beta of 3.31. Boxlight Co. has a 1 year low of $0.71 and a 1 year high of $2.97. The company has a current ratio of 2.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $0.98 and a 200-day moving average price of $1.15.

Boxlight (NASDAQ:BOXL – Get Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Boxlight had a negative return on equity of 26.77% and a negative net margin of 6.84%. The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $39.49 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, research analysts forecast that Boxlight Co. will post -0.07 EPS for the current fiscal year.

Separately, HC Wainwright cut their target price on shares of Boxlight from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, May 17th.

A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Boxlight by 7.2% in the first quarter. State Street Corp now owns 218,699 shares of the company’s stock valued at $262,000 after acquiring an additional 14,621 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Boxlight in the 4th quarter valued at $108,000. Citadel Advisors LLC acquired a new position in Boxlight during the fourth quarter worth $76,000. Squarepoint Ops LLC increased its position in Boxlight by 130.6% during the fourth quarter. Squarepoint Ops LLC now owns 65,696 shares of the company’s stock worth $91,000 after buying an additional 37,205 shares during the last quarter. Finally, Long Focus Capital Management LLC bought a new position in Boxlight during the fourth quarter valued at about $414,000. Institutional investors own 14.78% of the company’s stock.

Boxlight Company Profile (Get Rating)

Boxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. The company provides interactive and non-interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems under the Mimio and Clevertouch brands.

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