Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Acquires $35,301.00 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt bought 23,534 shares of the stock in a transaction on Thursday, July 2nd. The shares were purchased at an average price of $1.50 per share, with a total value of $35,301.00. Following the acquisition, the insider owned 21,622 shares in the company, valued at approximately $32,433. This represents a -1,230.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.25, for a total value of $14,198.75.
• On Tuesday, July 7th, Financial Lp Hrt bought 10,533 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.39 per share, with a total value of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The stock was bought at an average price of $1.33 per share, with a total value 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 shares were sold at an average price of $1.97, for a total transaction of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.99, for a total transaction of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The stock was bought at an average price of $2.74 per share, for a total transaction of $271.26.

Vision Marine Technologies Price Performance

Vision Marine Technologies stock opened at $1.24 on Friday. The company has a market capitalization of $12,400.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. Vision Marine Technologies Inc. has a 12 month low of $1.00 and a 12 month high of $2,680.00. The stock’s 50 day moving average is $5.02 and its 200-day moving average is $25.90.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, topping analysts’ consensus estimates of ($653.39) by $630.19. The business had revenue of $14.53 million for the quarter, compared to analyst estimates of $0.73 million. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on VMAR. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Vision Marine Technologies has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC’s holdings, making the stock its 17th biggest position. Sabby Management LLC owned 19.03% of Vision Marine Technologies at the end of the most recent reporting period. Institutional investors own 53.79% of the company’s stock.

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.