Key Points
- Director Robert Rosario Gonnelli purchased 5,000 shares on Jan 16 at an average price of $2.60, raising his holdings to 162,000 shares (a 3.18% increase) valued at about $421,200.
- The Board authorized a $1.0 million open‑market share repurchase program on Jan 8, suggesting management may view the stock as undervalued.
- OTH recently opened at $2.83 and has a 12‑month range of $1.95–$3.90, giving context to the insider buy and the buyback authorization.
Off The Hook Ys Inc. (NYSEAMERICAN:OTH - Get Free Report) Director Robert Rosario Gonnelli acquired 5,000 shares of the firm's stock in a transaction on Friday, January 16th. The shares were acquired at an average price of $2.60 per share, with a total value of $13,000.00. Following the completion of the purchase, the director owned 162,000 shares in the company, valued at approximately $421,200. This trade represents a 3.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Off The Hook Ys Stock Performance
OTH stock opened at $2.83 on Thursday. Off The Hook Ys Inc. has a 12 month low of $1.95 and a 12 month high of $3.90.
Off The Hook Ys announced that its Board of Directors has authorized a stock repurchase program on Thursday, January 8th that authorizes the company to buyback $1.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
About Off The Hook Ys
(
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We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.
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