Dc Vga Llc Sells 5,671 Shares of Turtle Beach (NASDAQ:TBCH) Stock

Turtle Beach Corporation (NASDAQ:TBCH) major shareholder Dc Vga Llc sold 5,671 shares of Turtle Beach stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $13.00, for a total value of $73,723.00. Following the completion of the transaction, the insider owned 1,775,441 shares of the company’s stock, valued at approximately $23,080,733. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Dc Vga Llc also recently made the following trade(s):

• On Monday, August 10th, Dc Vga Llc sold 140,000 shares of Turtle Beach stock. The shares were sold at an average price of $12.70, for a total value of $1,778,000.00.

Turtle Beach Trading Down 0.3%

NASDAQ:TBCH opened at $12.83 on Friday. Turtle Beach Corporation has a 12-month low of $9.84 and a 12-month high of $17.39. The firm has a market capitalization of $229.79 million, a P/E ratio of -61.10 and a beta of 2.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.38 and a quick ratio of 1.30. The business has a 50 day simple moving average of $12.79 and a 200 day simple moving average of $12.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Turtle Beach by 26.1% in the first quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock worth $4,440,000 after purchasing an additional 90,677 shares in the last quarter. North Star Investment Management Corp. grew its position in Turtle Beach by 20.4% during the first quarter. North Star Investment Management Corp. now owns 207,144 shares of the company’s stock valued at $2,100,000 after purchasing an additional 35,144 shares in the last quarter. Pullen Investment Management LLC grew its position in Turtle Beach by 10.8% during the first quarter. Pullen Investment Management LLC now owns 158,866 shares of the company’s stock valued at $1,611,000 after purchasing an additional 15,529 shares in the last quarter. LSV Asset Management increased its stake in Turtle Beach by 11.2% in the 4th quarter. LSV Asset Management now owns 161,160 shares of the company’s stock valued at $2,261,000 after buying an additional 16,260 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Turtle Beach by 290.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,789 shares of the company’s stock worth $442,000 after buying an additional 20,664 shares in the last quarter. 67.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TBCH has been the topic of a number of research reports. Zacks Research downgraded Turtle Beach from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Craig Hallum reaffirmed a “buy” rating and set a $15.00 price objective on shares of Turtle Beach in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Turtle Beach in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.80.

About Turtle Beach

Turtle Beach Corporation (NASDAQ:TBCH) is a global developer, manufacturer and distributor of gaming audio peripherals, specializing in headsets, microphones and audio accessories for PC, console and mobile platforms. The company’s product lineup spans wired and wireless gaming headsets, mixing stations, sound cards and accessories designed to enhance the immersive experience for casual and professional gamers alike.

Founded in 1975 and headquartered in San Diego, California, Turtle Beach has built a longstanding reputation in audio innovation.