Key Points
- CEO Mark Klein purchased 5,000 NSLR shares at an average price of $7.91, investing $39,550 and increasing his direct ownership to 1,763,796 shares.
- Neostellar Capital shares opened at $8.30, compared with a 52-week range of $7.60 to $14.98. The company reported a quarterly loss of $0.90 per share on $0.30 million in revenue.
- Analysts maintain a generally positive outlook, with a consensus “Buy” rating and an average price target of $14.50, although some firms recently downgraded the stock to “Hold” or “Sell.”
Neostellar Capital (NASDAQ:NSLR - Get Free Report) CEO Mark Klein acquired 5,000 shares of the company's stock in a transaction on Monday, September 21st. The stock was bought at an average cost of $7.91 per share, with a total value of $39,550.00. Following the completion of the acquisition, the chief executive officer directly owned 1,763,796 shares in the company, valued at approximately $13,951,626.36. This represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Neostellar Capital Stock Performance
NASDAQ:NSLR opened at $8.30 on Wednesday. The firm's fifty day moving average is $9.94. The company has a market cap of $219.70 million, a P/E ratio of 2.06 and a beta of 1.40. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a fifty-two week low of $7.60 and a fifty-two week high of $14.98.
Neostellar Capital (NASDAQ:NSLR - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.The company had revenue of $0.30 million for the quarter.
Institutional Trading of Neostellar Capital
Hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its position in Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company's stock valued at $13,967,000 after buying an additional 41,894 shares in the last quarter. GatePass Capital LLC increased its holdings in shares of Neostellar Capital by 2.5% during the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company's stock worth $4,799,000 after buying an additional 12,300 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Neostellar Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company's stock valued at $739,000 after acquiring an additional 23,446 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Neostellar Capital by 5.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company's stock valued at $353,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Tactive Advisors LLC boosted its holdings in shares of Neostellar Capital by 66.5% during the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company's stock valued at $380,000 after acquiring an additional 12,111 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NSLR. BTIG Research restated a "buy" rating and issued a $15.00 target price on shares of Neostellar Capital in a research report on Monday, September 14th. Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Neostellar Capital from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday. Finally, Wall Street Zen downgraded shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Neostellar Capital has a consensus rating of "Buy" and an average target price of $14.50.
Check Out Our Latest Report on Neostellar Capital
Neostellar Capital Company Profile
(
Get Free Report)
Neostellar Capital Corp. is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with an operating company or other business, such as through a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.
As a SPAC, Neostellar Capital does not have significant ongoing commercial operations, products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing an initial business combination.
The company is incorporated as an exempted company in the Cayman Islands and is listed on the Nasdaq under the symbol NSLR.
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