Ilya Golubovich Acquires 61,500 Shares of Maxwell Technologies Inc. (MXWL) Stock

Maxwell Technologies Inc. (NASDAQ:MXWL) Director Ilya Golubovich acquired 61,500 shares of Maxwell Technologies stock in a transaction that occurred on Friday, August 10th. The stock was acquired at an average cost of $3.25 per share, with a total value of $199,875.00. Following the purchase, the director now owns 79,226 shares in the company, valued at approximately $257,484.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Maxwell Technologies stock traded up $0.05 on Monday, reaching $3.39. 16,269 shares of the stock were exchanged, compared to its average volume of 268,607. The firm has a market cap of $127.44 million, a price-to-earnings ratio of -3.73 and a beta of 0.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.21 and a quick ratio of 1.49. Maxwell Technologies Inc. has a twelve month low of $3.24 and a twelve month high of $6.61.

Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Monday, August 6th. The electronics maker reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.04). The firm had revenue of $29.46 million for the quarter, compared to analyst estimates of $30.90 million. Maxwell Technologies had a negative return on equity of 33.83% and a negative net margin of 34.65%. The firm’s revenue was down 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. sell-side analysts expect that Maxwell Technologies Inc. will post -0.95 earnings per share for the current year.

MXWL has been the subject of several analyst reports. ValuEngine lowered shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Zacks Investment Research raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. Oppenheimer reduced their price objective on shares of Maxwell Technologies from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Cowen reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Maxwell Technologies in a research note on Tuesday, August 7th. Finally, Canaccord Genuity began coverage on shares of Maxwell Technologies in a research report on Friday, August 3rd. They set a “hold” rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.10.

Institutional investors and hedge funds have recently made changes to their positions in the company. CAPROCK Group Inc. acquired a new position in shares of Maxwell Technologies during the second quarter valued at about $125,000. Millennium Management LLC raised its position in shares of Maxwell Technologies by 25.6% during the first quarter. Millennium Management LLC now owns 51,937 shares of the electronics maker’s stock valued at $308,000 after buying an additional 10,582 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Maxwell Technologies during the second quarter valued at about $406,000. JPMorgan Chase & Co. raised its position in shares of Maxwell Technologies by 88.9% during the first quarter. JPMorgan Chase & Co. now owns 97,861 shares of the electronics maker’s stock valued at $580,000 after buying an additional 46,055 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Maxwell Technologies by 47.9% during the first quarter. KBC Group NV now owns 123,849 shares of the electronics maker’s stock valued at $734,000 after buying an additional 40,131 shares during the last quarter. 55.86% of the stock is owned by institutional investors and hedge funds.

About Maxwell Technologies

Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.

Featured Article: Dividend Stocks – Are They Right For You?

Receive News & Ratings for Maxwell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxwell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply