Financial Lp Hrt Buys 6,872 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt bought 6,872 shares of Vision Marine Technologies stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $2.84 per share, with a total value of $19,516.48. Following the acquisition, the insider directly owned 28,004 shares of the company’s stock, valued at approximately $79,531.36. The trade was a 32.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 23rd, Financial Lp Hrt bought 99 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.74 per share, for a total transaction of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The stock was sold at an average price of $3.11, for a total value of $5,402.07.
• On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $3.27 per share, with a total value of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt acquired 234,583 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $0.29 per share, with a total value of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.00, for a total value of $14,160.00.
• On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The shares were 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 shares were acquired at an average cost of $4.30 per share, for a total transaction of $53,509.20.

Vision Marine Technologies Price Performance

Vision Marine Technologies stock opened at $1.96 on Thursday. Vision Marine Technologies Inc. has a 52-week low of $1.82 and a 52-week high of $3,180.00. The firm has a market capitalization of $19,600.00, a price-to-earnings ratio of -0.00 and a beta of 0.07. The company has a fifty day simple moving average of $7.83 and a 200-day simple moving average of $42.47. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings raised Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.