Key Points
- CEO Brien Daniel O sold 45,500 shares on January 28 at an average price of $5.84 for total proceeds of $265,720, leaving him with 4,615,656 shares (a 0.98% decrease); the sale was disclosed in an SEC filing.
- FSI stock opened at $5.84 with a 50‑day/200‑day moving average of $6.62/$7.66, a market capitalization of about $74.12 million and a P/E of 17.7; institutional investors own roughly 54% of the shares and analysts' consensus rating is Buy (one Strong Buy, one Hold).
Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report) CEO Brien Daniel O sold 45,500 shares of the company's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $5.84, for a total value of $265,720.00. Following the sale, the chief executive officer owned 4,615,656 shares in the company, valued at approximately $26,955,431.04. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Flexible Solutions International Price Performance
FSI stock opened at $5.84 on Friday. The firm has a 50 day moving average of $6.62 and a 200-day moving average of $7.66. The firm has a market capitalization of $74.12 million, a P/E ratio of 17.70 and a beta of 1.56. Flexible Solutions International, Inc. has a 12 month low of $3.46 and a 12 month high of $11.48. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17.
Hedge Funds Weigh In On Flexible Solutions International
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Flexible Solutions International by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 284,869 shares of the company's stock valued at $2,746,000 after buying an additional 7,700 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Flexible Solutions International by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company's stock valued at $776,000 after acquiring an additional 1,700 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Flexible Solutions International by 270.3% during the fourth quarter. Ritholtz Wealth Management now owns 41,882 shares of the company's stock worth $282,000 after acquiring an additional 30,573 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC bought a new stake in shares of Flexible Solutions International in the 2nd quarter worth approximately $49,000. 54.31% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FSI has been the topic of a number of recent analyst reports. Singular Research upgraded Flexible Solutions International from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, December 1st. Zacks Research raised Flexible Solutions International from a "strong sell" rating to a "hold" rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Flexible Solutions International currently has a consensus rating of "Buy".
View Our Latest Stock Analysis on Flexible Solutions International
About Flexible Solutions International
(
Get Free Report)
Flexible Solutions International (NYSE:FSI) is a specialty chemical company dedicated to the development, production and marketing of sustainable polymer-based and bio-based additives. The company's product portfolio includes polymer modifiers, specialty resins and performance additives that enhance properties such as adhesion, viscosity, impact strength and environmental resistance. These solutions serve a variety of end markets, including coatings and adhesives, composites and plastics, oilfield and mining fluids, wastewater treatment and agricultural applications.
Headquartered in Urbana, Ohio, Flexible Solutions International operates an integrated manufacturing facility that supports customer-specific production and pilot-scale development.
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