Neostellar Capital (NASDAQ:NSLR) CEO Mark Klein Acquires 5,000 Shares

Neostellar Capital (NASDAQ:NSLRGet Free Report) CEO Mark Klein purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average cost of $7.91 per share, with a total value of $39,550.00. Following the completion of the acquisition, the chief executive officer owned 1,763,796 shares in the company, valued at approximately $13,951,626.36. This represents a 0.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Neostellar Capital Trading Up 4.1%

NASDAQ:NSLR traded up $0.33 on Tuesday, reaching $8.31. The stock had a trading volume of 469,040 shares, compared to its average volume of 300,310. The stock’s 50-day moving average price is $10.00. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. The company has a market cap of $219.99 million, a PE ratio of 2.07 and a beta of 1.40. Neostellar Capital has a 12-month low of $7.60 and a 12-month high of $14.98.

Neostellar Capital (NASDAQ:NSLRGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.The business had revenue of $0.30 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its stake in Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after buying an additional 41,894 shares during the last quarter. GatePass Capital LLC increased its holdings in shares of Neostellar Capital by 2.5% in the 4th quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock worth $4,799,000 after acquiring an additional 12,300 shares during the period. Private Advisor Group LLC boosted its stake in Neostellar Capital by 51.4% during the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after purchasing an additional 23,446 shares during the period. Hillsdale Investment Management Inc. boosted its stake in Neostellar Capital by 5.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock valued at $353,000 after purchasing an additional 2,000 shares during the period. Finally, Tactive Advisors LLC grew its position in Neostellar Capital by 66.5% in the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock worth $380,000 after purchasing an additional 12,111 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barrington Research set a $16.00 target price on Neostellar Capital in a research report on Thursday, August 6th. Wall Street Zen cut shares of Neostellar Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BTIG Research reissued a “buy” rating and set a $15.00 price objective on shares of Neostellar Capital in a report on Monday, September 14th. Finally, Weiss Ratings lowered shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $14.50.

Get Our Latest Research Report on Neostellar Capital

About Neostellar Capital

(Get Free Report)

Neostellar Capital Corp. is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with an operating company or other business, such as through a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

As a SPAC, Neostellar Capital does not have significant ongoing commercial operations, products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing an initial business combination.

The company is incorporated as an exempted company in the Cayman Islands and is listed on the Nasdaq under the symbol NSLR.

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