Madrona Financial Services LLC Purchases 30,000 Shares of Tilray Brands, Inc. (NASDAQ:TLRY)

Madrona Financial Services LLC boosted its position in shares of Tilray Brands, Inc. (NASDAQ:TLRY) by 42.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Madrona Financial Services LLC’s holdings in Tilray Brands were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garde Capital Inc. bought a new stake in Tilray Brands during the 1st quarter worth about $46,000. California State Teachers Retirement System grew its position in shares of Tilray Brands by 8.0% during the 4th quarter. California State Teachers Retirement System now owns 778,513 shares of the company’s stock worth $1,035,000 after buying an additional 57,544 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Tilray Brands by 317.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 166,326 shares of the company’s stock worth $221,000 after buying an additional 126,507 shares during the period. Toronto Dominion Bank grew its position in shares of Tilray Brands by 53.0% during the 4th quarter. Toronto Dominion Bank now owns 197,207 shares of the company’s stock worth $260,000 after buying an additional 68,284 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Tilray Brands by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,964,380 shares of the company’s stock worth $2,613,000 after buying an additional 286,481 shares during the period. 9.35% of the stock is owned by institutional investors.

Tilray Brands Price Performance

Tilray Brands stock opened at $0.39 on Thursday. The firm has a market capitalization of $396.36 million, a P/E ratio of -0.38 and a beta of 1.83. Tilray Brands, Inc. has a 1 year low of $0.35 and a 1 year high of $2.15. The business has a 50-day moving average of $0.43 and a 200-day moving average of $0.77. The company has a current ratio of 2.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

Tilray Brands (NASDAQ:TLRY) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Tilray Brands had a negative net margin of 113.85% and a negative return on equity of 7.40%. The business had revenue of $185.78 million during the quarter, compared to analyst estimates of $213.38 million. On average, equities analysts anticipate that Tilray Brands, Inc. will post -0.2 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TLRY shares. Roth Capital restated a “neutral” rating on shares of Tilray Brands in a research report on Monday, April 14th. Piper Sandler decreased their target price on Tilray Brands from $2.00 to $1.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th.

Tilray Brands Profile

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.