Selz Capital buys $4,957,200 stake in Applied Optoelectronics Inc (AAOI)

Applied Optoelectronics Inc (AAOI) : Selz Capital scooped up 100,000 additional shares in Applied Optoelectronics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 405,000 shares of Applied Optoelectronics Inc which is valued at $4,957,200.Applied Optoelectronics Inc makes up approximately 1.36% of Selz Capital’s portfolio.

Other Hedge Funds, Including , Gray Financial Group Ga Adv Adv added AAOI to its portfolio by purchasing 20,748 company shares during the most recent quarter which is valued at $246,071. Applied Optoelectronics Inc makes up approx 0.10% of Gray Financial Group Ga Adv Adv’s portfolio.Simplex Trading reduced its stake in AAOI by selling 1,160 shares or 67.68% in the most recent quarter. The Hedge Fund company now holds 554 shares of AAOI which is valued at $6,570.Cutler Group Lp reduced its stake in AAOI by selling 8,255 shares or 98.22% in the most recent quarter. The Hedge Fund company now holds 150 shares of AAOI which is valued at $1,737. Creative Planning sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 1,200 shares of AAOI which is valued $13,896. Bnp Paribas Arbitrage Sa added AAOI to its portfolio by purchasing 639 company shares during the most recent quarter which is valued at $7,221.

Applied Optoelectronics Inc opened for trading at $11.94 and hit $11.95 on the upside on Wednesday, eventually ending the session at $11.86, with a gain of 3.04% or 0.35 points. The heightened volatility saw the trading volume jump to 2,52,359 shares. Company has a market cap of $203 M.

On the company’s financial health, Applied Optoelectronics Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.05. The company had revenue of $50.40 million for the quarter, compared to analysts expectations of $51.47 million. The company’s revenue was up 66.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Applied Optoelectronics Inc. is a vertically integrated provider of fiber-optic networking products primarily for three networking end-markets: Internet data center cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration from components subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land Texas Ningbo China and Taipei Taiwan. It designs manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process. The Company manufactures the majority of the laser chips and optical components that are used in its products.

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