Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report) Director Grant Lamontagne acquired 17,054 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $3.30 per share, with a total value of $56,278.20. Following the acquisition, the director owned 159,508 shares in the company, valued at $526,376.40. The trade was a 11.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Laird Superfood Stock Performance
Laird Superfood stock opened at $3.39 on Wednesday. Laird Superfood, Inc. has a 52-week low of $1.96 and a 52-week high of $7.80. The firm has a 50 day moving average price of $2.99 and a two-hundred day moving average price of $2.73. The firm has a market cap of $37.29 million, a price-to-earnings ratio of -18.83 and a beta of 2.72.
Laird Superfood (NYSEAMERICAN:LSF – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.24. The company had revenue of $13.94 million during the quarter, compared to analyst estimates of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. As a group, equities research analysts predict that Laird Superfood, Inc. will post -0.11 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Laird Superfood
Institutional Investors Weigh In On Laird Superfood
Several large investors have recently bought and sold shares of the business. Mink Brook Asset Management LLC grew its stake in shares of Laird Superfood by 159.8% during the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock valued at $494,000 after purchasing an additional 136,826 shares during the period. Jane Street Group LLC bought a new position in shares of Laird Superfood during the 4th quarter valued at approximately $73,000. Virtu Financial LLC purchased a new position in Laird Superfood in the 4th quarter worth approximately $57,000. Steadtrust LLC purchased a new position in Laird Superfood in the 4th quarter worth approximately $44,000. Finally, Acadian Asset Management LLC raised its holdings in shares of Laird Superfood by 75.3% during the 1st quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after acquiring an additional 19,806 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors.
Laird Superfood Company Profile
Laird Superfood, Inc (NYSE American: LSF) is a consumer wellness company specializing in plant-based superfood and functional beverage products. Founded in 2015 by big-wave surfer and entrepreneur Laird Hamilton, the company develops creamers, coffees, hydration mixes and culinary superfood blends designed to deliver energy, focus and nutritional support. Laird Superfood’s offerings leverage premium ingredients such as coconut milk, aquamin sea minerals, functional mushrooms and adaptogens to address growing consumer demand for clean-label, nutrient-rich alternatives.
The company’s core product lines include coconut-based coffee creamers, plant-based creamers, instant coffee blends combined with superfood ingredients, hydration mixes and culinary seasonings.
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