Dalton Greiner Hartman Maher & Co. Invests $886,000 in Rubicon Technology, Inc. (NASDAQ:RBCN)

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Dalton Greiner Hartman Maher & Co. bought a new position in Rubicon Technology, Inc. (NASDAQ:RBCN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 92,606 shares of the semiconductor company’s stock, valued at approximately $886,000.

Separately, Renaissance Technologies LLC grew its holdings in Rubicon Technology by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 117,288 shares of the semiconductor company’s stock worth $973,000 after acquiring an additional 12,920 shares during the last quarter. 27.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:RBCN opened at $8.80 on Friday. Rubicon Technology, Inc. has a 12 month low of $7.24 and a 12 month high of $10.09. The company’s 50-day moving average price is $9.12 and its two-hundred day moving average price is $8.51.

Rubicon Technology (NASDAQ:RBCN) last issued its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.31) EPS for the quarter. Rubicon Technology had a negative return on equity of 2.38% and a net margin of 1.95%. The company had revenue of $0.77 million for the quarter.

Separately, ValuEngine lowered shares of Rubicon Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

Rubicon Technology Company Profile

Rubicon Technology, Inc provides monocrystalline sapphire for applications in optical and industrial systems. It offers optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and wafers, domes, tubes, and rods for a range of end markets comprising defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical, and laser applications.

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