Arrington Capital Management LLC Makes New $2.06 Million Investment in CEA Industries Inc. $BNC

Arrington Capital Management LLC purchased a new position in CEA Industries Inc. (NASDAQ:BNC) during the fourth quarter, Holdings Channel reports. The fund purchased 320,545 shares of the company’s stock, valued at approximately $2,058,000. CEA Industries accounts for 1.9% of Arrington Capital Management LLC’s holdings, making the stock its 10th largest holding.

Other large investors have also bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in CEA Industries in the 4th quarter worth approximately $159,000. Geode Capital Management LLC purchased a new position in CEA Industries in the 4th quarter worth approximately $3,236,000. Alyeska Investment Group L.P. purchased a new position in CEA Industries in the 4th quarter worth approximately $2,342,000. State Street Corp purchased a new position in CEA Industries in the 4th quarter worth approximately $914,000. Finally, Marshall Wace LLP purchased a new position in CEA Industries in the 4th quarter worth approximately $287,000.

CEA Industries Stock Down 12.1%

Shares of CEA Industries stock opened at $2.18 on Thursday. The stock has a 50 day moving average of $2.73. The stock has a market cap of $93.52 million, a PE ratio of 0.50 and a beta of 0.57. CEA Industries Inc. has a one year low of $1.84 and a one year high of $82.88.

CEA Industries (NASDAQ:BNC) last announced its quarterly earnings results on Saturday, February 28th. The company reported ($2.00) EPS for the quarter. CEA Industries had a return on equity of 135.54% and a net margin of 749.66%.The company had revenue of $7.33 million during the quarter.

CEA Industries Profile

CEA Industries Inc provides technology, engineering, and other services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems. The company also provides air handling equipment and systems; LED lighting; benching and racking solutions for indoor cultivation; automation and control devices, systems, and technologies for environmental, lighting, and climate control applications; and preventive maintenance services for CEA facilities.