Financial Lp Hrt Sells 49,505 Shares of Twin Vee PowerCats (NASDAQ:VEEE) Stock

Twin Vee PowerCats, Co. (NASDAQ:VEEE) major shareholder Financial Lp Hrt sold 49,505 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $18.12, for a total transaction of $897,030.60. Following the transaction, the insider directly owned 5,523 shares in the company, valued at approximately $100,076.76. The trade was a 89.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Twin Vee PowerCats Price Performance

Shares of NASDAQ:VEEE opened at $12.58 on Friday. The business’s 50 day moving average price is $10.68 and its 200-day moving average price is $18.98. The firm has a market capitalization of $6.67 million, a PE ratio of -0.09 and a beta of 1.08. Twin Vee PowerCats, Co. has a 1 year low of $4.16 and a 1 year high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. The business had revenue of $3.96 million for the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VEEE shares. Weiss Ratings raised Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Twin Vee PowerCats

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Keebeck Wealth Management purchased a new position in Twin Vee PowerCats in the first quarter valued at approximately $103,000. Everstar Asset Management LLC acquired a new position in shares of Twin Vee PowerCats in the 1st quarter valued at $64,000. Finally, Two Sigma Investments LP purchased a new position in shares of Twin Vee PowerCats in the 3rd quarter valued at $67,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

About Twin Vee PowerCats

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.