Insider Buying: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Buys $19,516.48 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt acquired 6,872 shares of Vision Marine Technologies stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average cost of $2.84 per share, with a total value of $19,516.48. Following the acquisition, the insider directly owned 28,004 shares of the company’s stock, valued at approximately $79,531.36. This trade represents a 32.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The shares were sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Wednesday, June 17th, Financial Lp Hrt bought 2,621 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt purchased 234,583 shares of Vision Marine Technologies stock. The shares were bought at an average price of $0.29 per share, for a total transaction of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.00, for a total transaction of $14,160.00.
• On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.30, for a total transaction of $2,390.80.
• On Wednesday, June 3rd, Financial Lp Hrt acquired 12,444 shares of Vision Marine Technologies stock. The stock was bought at an average price of $4.30 per share, with a total value of $53,509.20.

Vision Marine Technologies Price Performance

Shares of Vision Marine Technologies stock traded up $0.05 on Tuesday, hitting $2.72. The company had a trading volume of 84,736 shares, compared to its average volume of 64,419. Vision Marine Technologies Inc. has a 52 week low of $2.11 and a 52 week high of $3,180.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 0.43. The company has a market cap of $27,200.00, a PE ratio of -0.01 and a beta of 0.07. The business has a 50-day simple moving average of $8.56 and a 200-day simple moving average of $47.94.

Vision Marine Technologies (NASDAQ:VMAR) last announced its earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, topping the consensus estimate of ($653.39) by $630.19. The firm had revenue of $14.53 million for 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%.

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC bought a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for approximately 0.3% of Sabby Management LLC’s holdings, making the stock its 17th biggest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 53.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VMAR. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.