L William Krause Sells 176,136 Shares of Vistance Networks (NASDAQ:VISN) Stock

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 176,136 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $6.75, for a total transaction of $1,188,918.00. Following the completion of the sale, the director owned 98,371 shares in the company, valued at $664,004.25. This represents a 64.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Vistance Networks Stock Performance

NASDAQ VISN opened at $6.47 on Thursday. The firm’s fifty day moving average price is $11.42 and its two-hundred day moving average price is $14.15. The stock has a market cap of $1.49 billion, a PE ratio of 0.21 and a beta of 2.39. Vistance Networks, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $20.55.

Vistance Networks Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were given a dividend of $5.00 per share. The ex-dividend date was Friday, August 28th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Persistent Asset Partners Ltd purchased a new stake in shares of Vistance Networks in the second quarter worth approximately $29,000. Triumph Capital Management bought a new stake in Vistance Networks in the 2nd quarter valued at about $32,000. First Bancorp Inc ME bought a new stake in shares of Vistance Networks in the second quarter valued at approximately $38,000. Pinnacle Holdings LLC bought a new stake in Vistance Networks during the 2nd quarter valued at $48,000. Finally, Nykredit A S purchased a new stake in Vistance Networks during the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 88.04% of the company’s stock.

Analysts Set New Price Targets

VISN has been the topic of a number of recent research reports. Weiss Ratings lowered Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Vistance Networks from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vistance Networks presently has an average rating of “Hold” and an average target price of $19.33.

Vistance Networks Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.