Key Points
- CFO Christopher Moe bought 20,000 shares at $1.68 each on Nov. 19 for $33,600, doubling his stake to 40,000 shares valued at about $67,200 (a 100% increase).
- Institutional activity picked up: NewEdge Advisors boosted its stake to 1,121,900 shares (adding 1,084,900 shares) and Vanguard initiated a roughly $1.33M position, though institutions still own only about 0.58% of the company.
Beeline Holdings, Inc. (NASDAQ:BLNE - Get Free Report) CFO Christopher Moe acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average price of $1.68 per share, with a total value of $33,600.00. Following the acquisition, the chief financial officer owned 40,000 shares of the company's stock, valued at approximately $67,200. This trade represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Beeline Stock Performance
NASDAQ:BLNE traded up $0.22 during trading hours on Thursday, hitting $1.73. The stock had a trading volume of 772,418 shares, compared to its average volume of 1,643,748. The business's 50 day moving average is $3.06 and its 200-day moving average is $2.02. The company has a market cap of $48.01 million, a price-to-earnings ratio of -0.26 and a beta of 1.61. Beeline Holdings, Inc. has a one year low of $0.62 and a one year high of $10.50.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Beeline in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Beeline currently has an average rating of "Moderate Buy".
Get Our Latest Analysis on Beeline
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Beeline by 2,932.2% in the third quarter. NewEdge Advisors LLC now owns 1,121,900 shares of the company's stock valued at $4,443,000 after buying an additional 1,084,900 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of Beeline during the 3rd quarter worth about $1,330,000. EMG Holdings L.P. bought a new stake in shares of Beeline in the 1st quarter valued at about $360,000. Worth Venture Partners LLC acquired a new stake in Beeline in the 2nd quarter valued at about $71,000. Finally, Creative Planning bought a new position in Beeline during the second quarter worth about $51,000. Institutional investors and hedge funds own 0.58% of the company's stock.
About Beeline
(
Get Free Report)
Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.
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