Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Purchases 23,534 Shares

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt acquired 23,534 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average price of $1.50 per share, for a total transaction of $35,301.00. Following the acquisition, the insider owned 21,622 shares in the company, valued at approximately $32,433. The trade was a -1,230.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 6th, Financial Lp Hrt bought 4,187 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $1.33 per share, for a total transaction of $5,568.71.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.10, for a total value of $52,080.00.
• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.97, for a total value of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.99, for a total transaction of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The stock was bought at an average price of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt acquired 8,346 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $2.00 per share, for a total transaction of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 99 shares of Vision Marine Technologies stock. The stock was bought at an average price of $2.74 per share, with a total value of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The stock was sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt purchased 6,872 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $2.84 per share, with a total value of $19,516.48.

Vision Marine Technologies Stock Performance

NASDAQ VMAR opened at $1.41 on Wednesday. The company has a fifty day moving average of $5.44 and a two-hundred day moving average of $27.26. The company has a market capitalization of $14,100.00, a PE ratio of -0.00 and a beta of 0.12. Vision Marine Technologies Inc. has a 1 year low of $1.00 and a 1 year high of $2,793.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 0.43.

Vision Marine Technologies (NASDAQ:VMAR) last announced its earnings results on Tuesday, April 14th. The company reported ($23.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($653.39) by $630.19. The firm had revenue of $14.53 million during the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Analyst Ratings Changes

VMAR has been the topic of several research reports. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Vision Marine Technologies has a consensus rating of “Sell”.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up about 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies at the end of the most recent quarter. 53.79% of the stock is owned by institutional investors and hedge funds.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.