Cable Car Capital LP Makes New Investment in LiqTech International, Inc. $LIQT

Cable Car Capital LP acquired a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,000,000 shares of the company’s stock, valued at approximately $849,000. Cable Car Capital LP owned 10.05% of LiqTech International as of its most recent SEC filing.

Separately, Clear Harbor Asset Management LLC acquired a new position in shares of LiqTech International during the 2nd quarter valued at $52,000. Institutional investors own 35.06% of the company’s stock.

Insider Transactions at LiqTech International

In other LiqTech International news, major shareholder Lp Bleichroeder bought 700,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $1.00 per share, for a total transaction of $700,000.00. Following the acquisition, the insider directly owned 3,882,239 shares of the company’s stock, valued at approximately $3,882,239. The trade was a 22.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Wowk purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $50,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at $50,000. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 12.80% of the company’s stock.

LiqTech International Stock Performance

NASDAQ LIQT opened at $0.59 on Wednesday. The company has a market cap of $19.47 million, a P/E ratio of -0.70 and a beta of 1.05. The company has a fifty day simple moving average of $0.71 and a 200 day simple moving average of $1.34. The company has a current ratio of 4.37, a quick ratio of 3.43 and a debt-to-equity ratio of 0.09. LiqTech International, Inc. has a 12-month low of $0.52 and a 12-month high of $3.35.

LiqTech International (NASDAQ:LIQT) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. The firm had revenue of $4.36 million for the quarter, compared to the consensus estimate of $6.00 million. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%. Sell-side analysts predict that LiqTech International, Inc. will post -0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Ascendiant Capital Markets raised their price target on shares of LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Zacks Research upgraded shares of LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.40.

LiqTech International Profile

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.