Rock Point Advisors LLC decreased its stake in Echelon Corp. (NASDAQ:ELON) by 8.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,437 shares of the company’s stock after selling 2,960 shares during the period. Rock Point Advisors LLC’s holdings in Echelon Corp. were worth $145,000 as of its most recent SEC filing.
Separately, Royce & Associates LP boosted its stake in shares of Echelon Corp. by 26.5% in the first quarter. Royce & Associates LP now owns 330,852 shares of the company’s stock valued at $1,869,000 after buying an additional 69,294 shares during the last quarter. 22.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of Echelon Corp. (NASDAQ:ELON) traded up 1.58% during midday trading on Tuesday, reaching $5.14. The company’s stock had a trading volume of 3,446 shares. The stock’s market capitalization is $22.77 million. Echelon Corp. has a 52 week low of $4.41 and a 52 week high of $7.50. The company has a 50 day moving average price of $5.25 and a 200-day moving average price of $5.08.
About Echelon Corp.
Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.
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