New Age Beverages Corp (NASDAQ:NBEV) CEO Brent D. Willis sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $5.97, for a total value of $895,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Brent D. Willis also recently made the following trade(s):

  • On Friday, April 5th, Brent D. Willis sold 150,000 shares of New Age Beverages stock. The shares were sold at an average price of $4.76, for a total value of $714,000.00.

Shares of New Age Beverages stock opened at $5.86 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.74 and a quick ratio of 1.07. New Age Beverages Corp has a 12-month low of $1.30 and a 12-month high of $9.99.

Several equities research analysts recently commented on the company. Zacks Investment Research cut New Age Beverages from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. BidaskClub cut New Age Beverages from a “buy” rating to a “hold” rating in a research note on Saturday, February 9th. TheStreet raised New Age Beverages from a “d+” rating to a “c-” rating in a research note on Friday, February 22nd. Northland Securities boosted their price target on New Age Beverages from $6.00 to $8.00 and gave the company a “sell” rating in a research note on Monday, January 7th. Finally, ValuEngine raised New Age Beverages from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.95.

A number of institutional investors have recently made changes to their positions in NBEV. BlackRock Inc. boosted its position in New Age Beverages by 425.7% during the third quarter. BlackRock Inc. now owns 743,966 shares of the company’s stock worth $3,980,000 after purchasing an additional 602,434 shares during the period. Vanguard Group Inc boosted its position in New Age Beverages by 75.6% during the third quarter. Vanguard Group Inc now owns 1,357,536 shares of the company’s stock worth $7,263,000 after purchasing an additional 584,381 shares during the period. Vanguard Group Inc. boosted its position in New Age Beverages by 75.6% during the third quarter. Vanguard Group Inc. now owns 1,357,536 shares of the company’s stock worth $7,263,000 after purchasing an additional 584,381 shares during the period. Perritt Capital Management Inc. bought a new stake in New Age Beverages during the fourth quarter worth approximately $1,690,000. Finally, Jane Street Group LLC bought a new stake in New Age Beverages during the third quarter worth approximately $1,081,000. 13.29% of the stock is owned by hedge funds and other institutional investors.

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About New Age Beverages

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages.

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