Madrona Financial Services LLC Has $66,000 Stock Holdings in Tilray Brands, Inc. (NASDAQ:TLRY)

Madrona Financial Services LLC lifted its holdings in Tilray Brands, Inc. (NASDAQ:TLRY) by 42.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Madrona Financial Services LLC’s holdings in Tilray Brands were worth $66,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lido Advisors LLC bought a new stake in Tilray Brands in the 4th quarter valued at approximately $28,000. Dudley Capital Management LLC bought a new stake in Tilray Brands in the 4th quarter valued at approximately $29,000. Verdence Capital Advisors LLC bought a new stake in Tilray Brands in the 4th quarter valued at approximately $29,000. Brooklyn FI LLC bought a new stake in Tilray Brands in the 4th quarter valued at approximately $36,000. Finally, NewEdge Advisors LLC lifted its stake in Tilray Brands by 92.1% in the 4th quarter. NewEdge Advisors LLC now owns 27,406 shares of the company’s stock valued at $36,000 after acquiring an additional 13,136 shares in the last quarter. 9.35% of the stock is currently owned by institutional investors and hedge funds.

Tilray Brands Trading Up 3.1%

Shares of Tilray Brands stock opened at $0.39 on Thursday. Tilray Brands, Inc. has a 12-month low of $0.35 and a 12-month high of $2.15. The stock has a market cap of $396.36 million, a P/E ratio of -0.38 and a beta of 1.83. The company has a quick ratio of 1.61, a current ratio of 2.62 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $0.43 and its 200-day moving average is $0.77.

Tilray Brands (NASDAQ:TLRY) last announced its quarterly earnings data on Tuesday, April 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Tilray Brands had a negative return on equity of 7.40% and a negative net margin of 113.85%. The company had revenue of $185.78 million for the quarter, compared to the consensus estimate of $213.38 million. Equities research analysts predict that Tilray Brands, Inc. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TLRY. Piper Sandler cut their target price on Tilray Brands from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Roth Capital reiterated a “neutral” rating on shares of Tilray Brands in a research note on Monday, April 14th.

Tilray Brands Profile

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.