Off The Hook Ys (NYSEAMERICAN:NXB) Shares Up 2.3% – Here’s Why

Off The Hook Ys Inc. (NYSEAMERICAN:NXB) shares rose 2.3% during mid-day trading on Thursday . The stock traded as high as $2.2242 and last traded at $2.18. 18,570 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 46,786 shares. The stock had previously closed at $2.13.

Off The Hook Ys Stock Performance

The company’s 50-day moving average price is $2.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.14 and a current ratio of 1.10.

Off The Hook Ys (NYSEAMERICAN:NXB) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $29.84 million for the quarter.

Insider Buying and Selling

In other news, CEO Brian John sold 120,000 shares of Off The Hook Ys stock in a transaction on Friday, May 15th. The stock was sold at an average price of $2.41, for a total value of $289,200.00. Following the completion of the sale, the chief executive officer directly owned 1,133,350 shares of the company’s stock, valued at approximately $2,731,373.50. The trade was a 9.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jason Daniel Ruegg sold 475,000 shares of Off The Hook Ys stock in a transaction on Friday, May 15th. The shares were sold at an average price of $2.00, for a total value of $950,000.00. Following the completion of the sale, the chairman directly owned 10,775,000 shares of the company’s stock, valued at $21,550,000. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 600,000 shares of company stock worth $1,252,400. 66.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Off The Hook Ys

Hedge funds and other institutional investors have recently bought and sold shares of the company. HRT Financial LP acquired a new position in Off The Hook Ys in the 4th quarter valued at about $58,000. Millennium Management LLC acquired a new stake in shares of Off The Hook Ys during the fourth quarter worth about $52,000. Geode Capital Management LLC purchased a new position in shares of Off The Hook Ys in the fourth quarter valued at approximately $42,000. Finally, Jane Street Group LLC purchased a new position in shares of Off The Hook Ys in the fourth quarter valued at approximately $35,000.

Off The Hook Ys Company Profile

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.