Key Points
- Major shareholder Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies at an average price of $2.00 per share, a $16,692 transaction. After the purchase, the insider owned 35,770 shares, marking a 30.43% increase in its stake.
- The shareholder has been actively trading VMAR, including additional buys and sells in recent days. Notably, it purchased 234,583 shares on June 16 and also made smaller follow-up trades later in the month.
- Vision Marine Technologies remains under pressure financially and in the market, with shares recently around $1.96 and analysts maintaining an overall Sell rating. The company also reported a negative earnings figure in its latest quarter despite revenue topping expectations.
Vision Marine Technologies Inc. (NASDAQ:VMAR - Get Free Report) major shareholder Financial Lp Hrt purchased 8,346 shares of the business's stock in a transaction on Thursday, June 25th. The shares were bought at an average price of $2.00 per share, for a total transaction of $16,692.00. Following the acquisition, the insider owned 35,770 shares in the company, valued at $71,540. This trade represents a 30.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The stock was bought at an average price of $1.98 per share, with a total value of $1,734.48.
- On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total value of $1,520.96.
- On Tuesday, June 23rd, Financial Lp Hrt bought 99 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.74 per share, for a total transaction of $271.26.
- On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The stock was sold at an average price of $3.11, for a total transaction of $5,402.07.
- On Monday, June 22nd, Financial Lp Hrt bought 6,872 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $2.84 per share, for a total transaction of $19,516.48.
- On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $3.27 per share, with a total value of $8,570.67.
- On Tuesday, June 16th, Financial Lp Hrt purchased 234,583 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $0.29 per share, with a total value of $68,029.07.
- On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.00, for a total transaction of $14,160.00.
- On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.30, for a total transaction of $2,390.80.
- On Wednesday, June 3rd, Financial Lp Hrt acquired 12,444 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $4.30 per share, for a total transaction of $53,509.20.
Vision Marine Technologies Price Performance
Shares of VMAR opened at $1.96 on Tuesday. The firm has a market capitalization of $25,480.00, a price-to-earnings ratio of -0.00 and a beta of 0.07. The firm's fifty day simple moving average is $6.93 and its 200-day simple moving average is $36.79. Vision Marine Technologies Inc. has a twelve month low of $1.82 and a twelve month high of $3,180.00. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87.
Vision Marine Technologies (NASDAQ:VMAR - Get Free Report) last issued its earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, topping analysts' consensus estimates of ($653.39) by $630.19. The firm had revenue of $14.53 million during the quarter, compared to the consensus estimate of $0.73 million. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on VMAR. Weiss Ratings upgraded Vision Marine Technologies from a "sell (e)" rating to a "sell (e+)" rating in a report on Wednesday, June 17th. Wall Street Zen upgraded Vision Marine Technologies to a "hold" rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".
Read Our Latest Report on Vision Marine Technologies
Institutional Trading of Vision Marine Technologies
A hedge fund recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 186,536 shares of the company's stock, valued at approximately $254,000. Vision Marine Technologies comprises about 0.3% of Sabby Management LLC's investment portfolio, making the stock its 17th largest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies as of its most recent filing with the SEC. 53.79% of the stock is owned by institutional investors.
Vision Marine Technologies Company Profile
(
Get Free Report)
Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company's modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.
Vision Marine's product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.
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