Vistance Networks (NASDAQ:VISN) Director Sells 23,864 Shares

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 23,864 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $6.27, for a total transaction of $149,627.28. Following the transaction, the director owned 74,507 shares of the company’s stock, valued at approximately $467,158.89. This represents a 24.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

L William Krause also recently made the following trade(s):

• On Friday, August 28th, L William Krause sold 176,136 shares of Vistance Networks stock. The stock was sold at an average price of $6.75, for a total value of $1,188,918.00.

Vistance Networks Stock Up 0.5%

Shares of NASDAQ VISN traded up $0.03 during midday trading on Friday, hitting $6.40. 6,256,543 shares of the company’s stock were exchanged, compared to its average volume of 6,371,510. The firm has a market capitalization of $1.48 billion, a PE ratio of 0.21 and a beta of 2.39. Vistance Networks, Inc. has a 12 month low of $6.00 and a 12 month high of $20.55. The company’s 50 day moving average price is $11.29 and its 200 day moving average price is $14.06.

Vistance Networks Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were given a dividend of $5.00 per share. The ex-dividend date was Friday, August 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Persistent Asset Partners Ltd purchased a new stake in shares of Vistance Networks in the second quarter worth $29,000. Triumph Capital Management purchased a new stake in Vistance Networks during the second quarter valued at $32,000. First Bancorp Inc ME bought a new stake in Vistance Networks during the second quarter worth approximately $38,000. Pinnacle Holdings LLC bought a new stake in Vistance Networks in the second quarter worth $48,000. Finally, Nykredit A S bought a new stake in Vistance Networks in the second quarter worth about $54,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on VISN. Wall Street Zen raised shares of Vistance Networks from a “sell” rating to a “hold” rating in a research note on Sunday, August 30th. Weiss Ratings downgraded shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Vistance Networks currently has a consensus rating of “Hold” and an average target price of $19.33.

About Vistance Networks

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.