Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Free Report) major shareholder Financial Lp Hrt acquired 23,534 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average cost of $1.50 per share, for a total transaction of $35,301.00. Following the purchase, the insider owned 21,622 shares of the company’s stock, valued at $32,433. This represents a -1,230.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $1.33 per share, for a total transaction of $5,568.71.
- On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.10, for a total value of $52,080.00.
- On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.97, for a total value of $17,081.87.
- On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.99, for a total value of $10,123.13.
- On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $1.98 per share, for a total transaction of $1,734.48.
- On Thursday, June 25th, Financial Lp Hrt acquired 8,346 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.00 per share, with a total value of $16,692.00.
- 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 transaction of $1,520.96.
- On Tuesday, June 23rd, Financial Lp Hrt acquired 99 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $2.74 per share, with a total value 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 shares were acquired at an average cost of $2.84 per share, for a total transaction of $19,516.48.
Vision Marine Technologies Trading Down 9.2%
NASDAQ:VMAR opened at $1.28 on Thursday. Vision Marine Technologies Inc. has a one year low of $1.00 and a one year high of $2,684.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. The firm has a market cap of $12,800.00, a P/E ratio of -0.00 and a beta of 0.12. The firm has a 50-day simple moving average of $5.22 and a 200-day simple moving average of $26.60.
Hedge Funds Weigh In On Vision Marine Technologies
An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC purchased a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up about 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest position. Sabby Management LLC owned 19.03% of Vision Marine Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 53.79% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on VMAR shares. 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 raised Vision Marine Technologies to a “hold” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Vision Marine Technologies has a consensus rating of “Sell”.
View Our Latest Stock Report on Vision Marine Technologies
About Vision Marine Technologies
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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