Dimensional Fund Advisors LP bought a new position in shares of xG Technology Inc (NASDAQ:XGTI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 72,426 shares of the Wireless communications provider’s stock, valued at approximately $117,000. Dimensional Fund Advisors LP owned 0.50% of xG Technology at the end of the most recent quarter.

Separately, Vanguard Group Inc. boosted its holdings in shares of xG Technology by 24.3% during the second quarter. Vanguard Group Inc. now owns 154,905 shares of the Wireless communications provider’s stock worth $252,000 after purchasing an additional 30,266 shares during the period. Institutional investors own 2.28% of the company’s stock.

Shares of xG Technology Inc (NASDAQ XGTI) opened at $1.40 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 2.28. xG Technology Inc has a 1-year low of $1.28 and a 1-year high of $2.65.

xG Technology (NASDAQ:XGTI) last posted its earnings results on Tuesday, November 14th. The Wireless communications provider reported ($0.43) earnings per share for the quarter. The firm had revenue of $10.16 million for the quarter. xG Technology had a negative return on equity of 26.16% and a negative net margin of 20.76%.

A number of analysts have recently weighed in on XGTI shares. ValuEngine upgraded shares of xG Technology from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Maxim Group set a $4.00 target price on shares of xG Technology and gave the stock a “buy” rating in a report on Thursday, November 16th.

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xG Technology Company Profile

xG Technology, Inc develops a portfolio of intellectual property, which is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions for a range of applications using commercial off the shelf devices. The Company is a provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in a range of environments.

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