Emancipation Management Lowers stake in I.D. Systems (IDSY)

I.D. Systems (IDSY) : Emancipation Management reduced its stake in I.D. Systems by 18.34% during the most recent quarter end. The investment management company now holds a total of 1,038,594 shares of I.D. Systems which is valued at $5.2 Million after selling 233,200 shares in I.D. Systems , the firm said in a disclosure report filed with the SEC on May 12, 2016.I.D. Systems makes up approximately 6.63% of Emancipation Management’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in IDSY by selling 2,460 shares or 6.93% in the most recent quarter. The Hedge Fund company now holds 33,056 shares of IDSY which is valued at $166,272.

I.D. Systems closed down -0.1 points or -1.95% at $5.04 with 13,316 shares getting traded on Friday. Post opening the session at $5.14, the shares hit an intraday low of $4.94 and an intraday high of $5.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

I.D. Systems Inc. (I.D. Systems) develops markets and sells wireless machine-to-machine (M2M) solutions for managing and securing enterprise assets which include industrial vehicles and transportation assets. The Company’s systems utilize radio frequency identification (RFID) Wi-Fi satellite or cellular communications and sensor technology and software to address the needs of organizations to control track monitor and analyze their assets. The Company focused its business activities on three primary applications: industrial fleet management transportation asset management and rental fleet management. The Company markets and sells its wireless solutions to a range of customers in the commercial and government sectors. Its customers operate in markets such as automotive manufacturing retail shipping freight transportation heavy industry wholesale distribution aerospace and defense homeland security and vehicle rental.

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