Towneley Capital Management Inc DE Takes Position in Loop Industries, Inc. (NASDAQ:LOOP)

Towneley Capital Management Inc DE purchased a new position in shares of Loop Industries, Inc. (NASDAQ:LOOP) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 67,857 shares of the financial services provider’s stock, valued at approximately $78,000. Towneley Capital Management Inc DE owned approximately 0.14% of Loop Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LOOP. Balboa Wealth Partners increased its position in Loop Industries by 50.5% in the 4th quarter. Balboa Wealth Partners now owns 76,124 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 25,549 shares in the last quarter. 4WEALTH Advisors Inc. bought a new stake in shares of Loop Industries during the fourth quarter valued at approximately $60,000. Millennium Management LLC acquired a new stake in shares of Loop Industries in the fourth quarter valued at approximately $41,000. Virtu Financial LLC acquired a new stake in shares of Loop Industries in the fourth quarter valued at approximately $33,000. Finally, CacheTech Inc. bought a new position in Loop Industries in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 4.89% of the company’s stock.

Loop Industries Stock Up 3.0%

NASDAQ:LOOP opened at $1.73 on Friday. The company has a market cap of $82.55 million, a price-to-earnings ratio of -3.09 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.11 and a current ratio of 0.12. The stock’s fifty day moving average price is $1.08 and its two-hundred day moving average price is $1.19. Loop Industries, Inc. has a 52-week low of $0.85 and a 52-week high of $2.61.

Loop Industries (NASDAQ:LOOP) last released its earnings results on Thursday, May 29th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.23. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. The company had revenue of $10.81 million during the quarter, compared to the consensus estimate of $0.03 million. On average, analysts anticipate that Loop Industries, Inc. will post -0.47 EPS for the current year.

Loop Industries Profile

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.