Financial Lp Hrt Acquires 8,346 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMARGet Free Report) major shareholder Financial Lp Hrt bought 8,346 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $16,692.00. Following the completion of the transaction, the insider owned 35,770 shares of the company’s stock, valued at approximately $71,540. The trade was a 30.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 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 Friday, June 26th, Financial Lp Hrt bought 876 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $1.98 per share, with a total value of $1,734.48.
  • On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total value of $1,520.96.
  • On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $2.74 per share, with a total value of $271.26.
  • On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The shares were sold at an average price of $3.11, for a total transaction of $5,402.07.
  • On Monday, June 22nd, Financial Lp Hrt acquired 6,872 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $2.84 per share, for a total transaction of $19,516.48.
  • On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $3.27 per share, for a total transaction of $8,570.67.
  • On Tuesday, June 16th, Financial Lp Hrt bought 234,583 shares of Vision Marine Technologies stock. The shares were bought at an average price of $0.29 per share, for a total transaction of $68,029.07.
  • On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.00, for a total transaction of $14,160.00.
  • On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.30, for a total value of $2,390.80.
  • On Wednesday, June 3rd, Financial Lp Hrt bought 12,444 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $4.30 per share, for a total transaction of $53,509.20.

Vision Marine Technologies Price Performance

Shares of NASDAQ VMAR opened at $1.89 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $6.67 and its 200 day moving average price is $35.20. Vision Marine Technologies Inc. has a 52 week low of $1.82 and a 52 week high of $3,180.00. The stock has a market cap of $18,900.00, a price-to-earnings ratio of -0.00 and a beta of 0.07.

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on VMAR

Institutional Trading of Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in Vision Marine Technologies Inc. (NASDAQ:VMARFree Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for approximately 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th largest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 53.79% of the company’s stock.

About Vision Marine Technologies

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Vision Marine Technologies (NASDAQ:VMAR)

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