Insider Buying: Eastside Distilling, Inc. (NASDAQ:BLNE) Director Purchases $17,750.00 in Stock

Eastside Distilling, Inc. (NASDAQ:BLNE) Director Joseph David Freedman acquired 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of $2.84 per share, with a total value of $17,750.00. Following the completion of the transaction, the director now directly owns 83,910 shares in the company, valued at $238,304.40. This trade represents a 8.05 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eastside Distilling Stock Performance

Shares of BLNE stock opened at $1.97 on Friday. The company has a market cap of $11.97 million, a price-to-earnings ratio of -0.53 and a beta of 1.64. Eastside Distilling, Inc. has a 52 week low of $1.93 and a 52 week high of $29.80.

Eastside Distilling Company Profile

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.