Key Points
- Procap Financial CIO Jeffrey Jin Hyung Park sold 21,140 shares on May 26 at an average price of $1.60, for proceeds of about $33,824. After the sale, he still directly owned 691,824 shares.
- The transaction reduced Park’s stake by 2.97% and was disclosed in an SEC filing. Procap Financial’s stock was trading around $1.62 at the time of the report, near its 52-week low of $1.48.
- Analysts remain cautious on the stock: Weiss Ratings initiated coverage with a sell rating, and Wall Street Zen also cut the shares to sell. MarketBeat says the overall consensus rating is Sell.
Procap Financial, Inc. (NASDAQ:BRR - Get Free Report) CIO Jeffrey Jin Hyung Park sold 21,140 shares of the firm's stock in a transaction dated Monday, May 26th. The stock was sold at an average price of $1.60, for a total value of $33,824.00. Following the sale, the executive directly owned 691,824 shares in the company, valued at $1,106,918.40. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Procap Financial Price Performance
Shares of NASDAQ BRR opened at $1.62 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.02 and a current ratio of 13.02. Procap Financial, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $16.25. The firm has a market capitalization of $146.73 million and a PE ratio of -1.25. The stock's 50-day simple moving average is $2.00 and its 200-day simple moving average is $5.51.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Weiss Ratings assumed coverage on Procap Financial in a research report on Wednesday, May 20th. They set a "sell (d-)" rating on the stock. Wall Street Zen lowered Procap Financial from a "hold" rating to a "sell" rating in a research report on Sunday, April 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".
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Procap Financial Company Profile
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ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.
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