Adam M. Hutt’s Leviticus Partners amended its passive stake in Lantronix Inc. (LTRX) to 8.1%, according to the firm’s SEC filing on November 10th. Leviticus Partners now has 800 thousand shares in LTRX. This is the second amend 13G that the firm filed for its LTRX position. Leviticus Partners previously filed 991 thousand shares, or 9.6% stake in LTRX on December 8th, 2010; and 684 thousand shares or 6.6% stake on May 13th, 2010. However, Leviticus Partners’ LTRX position in the second quarter is unclear. LTRX is now trading at $1.38, near its 2-year low. The stock has lost 63% in 2011.
Jim Simons’ Renaissance Technologies was bullish about LTRX in the second quarter. The firm reported 78 thousand shares in the stock, up by 5% from Q1.
Leviticus Partners, L.P. is a private investment limited partnership managed by Adam M. Hutt. The firm aims to beat the S&P 500, the Russell 2000, and other common investment vehicles. The firm makes investments when the target company’s stock does not reflect its growth prospects and trades at a discount to its intrinsic value. The firm reduces downside risk while keeping upside participation via this approach.
According to Yahoo! Finance, Lantronix, Inc. “designs, develops, markets, and sells networking and Internet connectivity products that are used to access, manage, control, and configure electronic products over the Internet, enterprise, and other networks worldwide.” The company provides device enablement solutions, device management solutions, and legacy products. The company “serves healthcare, security, industrial and building automation, energy, information technology and data centers, transportation, and government markets. It sells its products through distributors, manufacturers representatives, value added resellers, and other resellers. The company was founded in 1989 and is headquartered in Irvine, California.”