Insider Buying: Vistance Networks (NASDAQ:VISN) Director Acquires $98,250.00 in Stock

Vistance Networks, Inc. (NASDAQ:VISN) Director Claudius Iv Watts bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were bought at an average price of $3.93 per share, with a total value of $98,250.00. Following the completion of the transaction, the director directly owned 1,572,729 shares in the company, valued at approximately $6,180,824.97. This trade represents a 1.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vistance Networks Trading Up 6.0%

Shares of NASDAQ:VISN traded up $0.24 during mid-day trading on Friday, reaching $4.24. The stock had a trading volume of 12,735,649 shares, compared to its average volume of 7,399,370. The firm has a market cap of $863.22 million, a PE ratio of 0.12 and a beta of 2.57. The firm has a 50 day simple moving average of $6.03 and a two-hundred day simple moving average of $12.33. Vistance Networks, Inc. has a twelve month low of $3.90 and a twelve month high of $20.55.

Vistance Networks Cuts Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, November 6th. Investors of record on Monday, October 26th were paid a dividend of $1.50 per share. This is a decrease from Vistance Networks’s previous special dividend of $5.00.

Key Headlines Impacting Vistance Networks

Here are a few of the latest headlines about VISN:

• Positive Sentiment: Director Claudius Iv Watts reported buying 250,000 shares across transactions on Nov. 9, 10 and 12, for roughly $1.03 million in total. His repeated purchases may signal confidence in the company, though insider buying does not guarantee a recovery. Insider purchase report
• Negative Sentiment: Northland Securities lowered its rating from Outperform to Market Perform and set a $4 price target, indicating a more cautious view and limited upside at that target. Northland rating downgrade
• Negative Sentiment: Vistance Networks’ $1.50 special dividend was lower than its previous $5.00 special payout. Because these were special dividends, the decrease is not necessarily a cut to a recurring dividend, but it means a smaller recent cash distribution to shareholders. Dividend and company update

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC bought a new position in Vistance Networks during the 3rd quarter worth $6,545,000. Caxton Associates LLP grew its holdings in shares of Vistance Networks by 387.4% during the 3rd quarter. Caxton Associates LLP now owns 487,609 shares of the business services provider’s stock worth $2,916,000 after purchasing an additional 387,573 shares in the last quarter. Southeast Asset Advisors LLC acquired a new stake in shares of Vistance Networks during the 3rd quarter worth $60,000. First Trust Advisors LP grew its holdings in shares of Vistance Networks by 1,358.6% during the 3rd quarter. First Trust Advisors LP now owns 14,520,886 shares of the business services provider’s stock worth $86,835,000 after purchasing an additional 13,525,341 shares in the last quarter. Finally, State Street Corp increased its position in shares of Vistance Networks by 10.6% in the third quarter. State Street Corp now owns 7,970,687 shares of the business services provider’s stock worth $47,665,000 after purchasing an additional 762,468 shares during the period. 88.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on VISN shares. Weiss Ratings downgraded Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Northland Securities cut Vistance Networks from an “outperform” rating to a “market perform” rating and set a $4.00 price objective for the company. in a research report on Tuesday, November 10th. Finally, Wall Street Zen upgraded Vistance Networks from a “sell” rating to a “hold” rating in a research note on Sunday, August 30th. Five analysts have rated the stock with a Hold rating. According to MarketBeat, Vistance Networks currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Vistance Networks Company Profile

Vistance Networks develops and supplies communications technology for satellite, space, terrestrial and wireless networks. Its offerings include satellite modems and ground-station equipment, radio-frequency systems, and troposcatter communications technology used to connect networks where conventional infrastructure may be limited. The company also provides public-safety communications solutions, including technology for emergency calling, call handling and location services. Its customers include government and defense organizations, satellite and telecommunications operators, and public-safety agencies.