Insider Buying: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Buys 10,533 Shares of Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt bought 10,533 shares of Vision Marine Technologies stock in a transaction dated Tuesday, July 7th. The shares were bought at an average cost of $1.39 per share, with a total value of $14,640.87. Following the completion of the transaction, the insider directly owned 36,342 shares in the company, valued at approximately $50,515.38. This trade represents a 40.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.25, for a total transaction of $14,198.75.
• On Monday, July 6th, Financial Lp Hrt purchased 4,187 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $1.33 per share, for a total transaction of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt acquired 23,534 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $1.50 per share, for a total transaction of $35,301.00.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The shares were 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 stock was 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 value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The shares were purchased at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt purchased 8,346 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.00 per share, with a total value 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 value of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt acquired 99 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $2.74 per share, with a total value of $271.26.

Vision Marine Technologies Stock Performance

Vision Marine Technologies stock traded down $0.04 during midday trading on Thursday, reaching $1.24. The stock had a trading volume of 6,691,034 shares, compared to its average volume of 282,510. The firm has a market capitalization of $16,120.00, a PE ratio of -0.00 and a beta of 0.12. Vision Marine Technologies Inc. has a 12 month low of $1.00 and a 12 month high of $2,680.00. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. The firm’s 50-day moving average price is $5.22 and its 200 day moving average price is $26.60.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on VMAR. Wall Street Zen upgraded 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, Based on data from MarketBeat, Vision Marine Technologies currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC purchased a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up approximately 0.3% of Sabby Management LLC’s holdings, making the stock its 17th largest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent reporting period. 53.79% of the stock is owned by institutional investors.

Vision Marine Technologies Company Profile

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.