BranchOut Food Inc. (NASDAQ:BOF – Get Free Report) major shareholder Daniel Louis Kaufman sold 213,830 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $3.26, for a total transaction of $697,085.80. Following the completion of the transaction, the insider directly owned 1,689,676 shares of the company’s stock, valued at approximately $5,508,343.76. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Daniel Louis Kaufman also recently made the following trade(s):
- On Tuesday, May 5th, Daniel Louis Kaufman sold 255,951 shares of BranchOut Food stock. The shares were sold at an average price of $3.29, for a total value of $842,078.79.
BranchOut Food Price Performance
Shares of NASDAQ BOF traded up $0.57 during mid-day trading on Thursday, hitting $3.80. 252,475 shares of the stock traded hands, compared to its average volume of 79,567. BranchOut Food Inc. has a twelve month low of $1.65 and a twelve month high of $4.95. The firm has a 50 day simple moving average of $3.77 and a two-hundred day simple moving average of $3.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.53. The company has a market cap of $55.33 million, a PE ratio of -6.54 and a beta of 0.87.
Hedge Funds Weigh In On BranchOut Food
Several institutional investors have recently added to or reduced their stakes in BOF. Virtu Financial LLC acquired a new stake in shares of BranchOut Food during the 4th quarter worth approximately $35,000. Nwam LLC acquired a new position in shares of BranchOut Food during the fourth quarter valued at about $39,000. Crewe Advisors LLC bought a new stake in BranchOut Food in the 4th quarter valued at about $41,000. Quadrature Capital Ltd bought a new position in BranchOut Food in the fourth quarter worth approximately $59,000. Finally, State Street Corp raised its position in shares of BranchOut Food by 82.7% during the fourth quarter. State Street Corp now owns 24,300 shares of the company’s stock worth $77,000 after purchasing an additional 11,000 shares during the period. 2.59% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
BOF has been the subject of a number of analyst reports. Wall Street Zen upgraded BranchOut Food from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
View Our Latest Stock Analysis on BranchOut Food
About BranchOut Food
BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces. It also provides chocolate covered fruit items and private label products for retailers.
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