Everstar Asset Management LLC Acquires New Position in Twin Vee PowerCats, Co. $VEEE

Everstar Asset Management LLC bought a new position in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $64,000.

Separately, Two Sigma Investments LP acquired a new position in shares of Twin Vee PowerCats in the third quarter worth $67,000. 15.57% of the stock is owned by institutional investors and hedge funds.

Twin Vee PowerCats Stock Down 0.7%

NASDAQ VEEE opened at $5.65 on Tuesday. Twin Vee PowerCats, Co. has a 52 week low of $5.00 and a 52 week high of $128.02. The firm has a 50 day moving average of $6.81 and a two-hundred day moving average of $30.27. The stock has a market capitalization of $2.99 million, a PE ratio of -0.04 and a beta of 1.05.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. The firm had revenue of $3.96 million during the quarter. Twin Vee PowerCats had a negative net margin of 59.92% and a negative return on equity of 51.34%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VEEE. Wall Street Zen cut Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings raised Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.