Aptus Capital Advisors LLC Buys New Position in POET Technologies Inc. (NASDAQ:POET)

Aptus Capital Advisors LLC purchased a new stake in POET Technologies Inc. (NASDAQ:POET) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 91,659 shares of the company’s stock, valued at approximately $545,000. Aptus Capital Advisors LLC owned approximately 0.12% of POET Technologies as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in POET. Anson Funds Management LP bought a new stake in shares of POET Technologies during the 4th quarter valued at about $3,999,000. TD Waterhouse Canada Inc. lifted its holdings in POET Technologies by 384.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 18,113 shares of the company’s stock worth $108,000 after buying an additional 14,373 shares during the period. Jump Financial LLC bought a new stake in POET Technologies during the 4th quarter valued at approximately $1,834,000. Waddell & Associates LLC purchased a new position in shares of POET Technologies during the 4th quarter worth approximately $159,000. Finally, Raymond James Financial Inc. bought a new position in shares of POET Technologies in the 4th quarter worth approximately $252,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

POET Technologies Stock Up 2.2 %

NASDAQ POET opened at $4.34 on Thursday. The firm has a market capitalization of $338.46 million, a PE ratio of -7.35 and a beta of 0.19. The stock’s 50 day moving average is $3.86 and its 200 day moving average is $4.44. POET Technologies Inc. has a twelve month low of $1.60 and a twelve month high of $7.79.

POET Technologies (NASDAQ:POET) last announced its earnings results on Monday, March 31st. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.28). The firm had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.05 million. On average, research analysts anticipate that POET Technologies Inc. will post -0.45 earnings per share for the current year.

About POET Technologies

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.