Wolverine Asset Management LLC Cuts Position in iRobot Co. (NASDAQ:IRBT)

Wolverine Asset Management LLC cut its stake in iRobot Co. (NASDAQ:IRBT) by 18.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,502 shares of the industrial products company’s stock after selling 1,900 shares during the period. Wolverine Asset Management LLC’s holdings in iRobot were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in iRobot by 522.0% in the fourth quarter. Allworth Financial LP now owns 678 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 569 shares in the last quarter. Byrne Asset Management LLC purchased a new position in iRobot in the fourth quarter worth $31,000. International Assets Investment Management LLC purchased a new position in iRobot in the fourth quarter worth $60,000. Harvest Fund Management Co. Ltd purchased a new position in iRobot in the third quarter worth $93,000. Finally, Larson Financial Group LLC boosted its position in iRobot by 11,822.9% during the fourth quarter. Larson Financial Group LLC now owns 4,173 shares of the industrial products company’s stock valued at $161,000 after buying an additional 4,138 shares during the period. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Colin M. Angle sold 179,503 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $11.46, for a total value of $2,057,104.38. Following the completion of the transaction, the director now directly owns 14,797 shares of the company’s stock, valued at $169,573.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Citigroup lowered their price objective on shares of iRobot from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 4th.

iRobot Stock Performance

Shares of NASDAQ:IRBT opened at $7.79 on Friday. iRobot Co. has a 12 month low of $6.48 and a 12 month high of $51.49. The company has a market cap of $221.41 million, a price-to-earnings ratio of -0.71 and a beta of 0.91. The company has a 50-day moving average price of $9.30 and a 200-day moving average price of $22.94. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 1.03.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Monday, February 26th. The industrial products company reported ($2.18) earnings per share (EPS) for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. The company had revenue of $307.54 million during the quarter. As a group, equities analysts anticipate that iRobot Co. will post -4.95 EPS for the current year.

iRobot Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.