Procap Financial (NASDAQ:BRR) CIO Jeffrey Jin Hyung Park Sells 50,962 Shares

Procap Financial, Inc. (NASDAQ:BRR) CIO Jeffrey Jin Hyung Park sold 50,962 shares of the firm’s stock in a transaction that occurred on Sunday, May 18th. The shares were sold at an average price of $1.93, for a total transaction of $98,356.66. Following the completion of the sale, the executive owned 713,218 shares in the company, valued at approximately $1,376,510.74. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Procap Financial Stock Down 5.5%

NASDAQ:BRR opened at $1.72 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.02 and a current ratio of 13.02. Procap Financial, Inc. has a one year low of $1.71 and a one year high of $16.25.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Procap Financial in a research note on Wednesday. They issued a “sell (d-)” rating for the company. Wall Street Zen lowered shares of Procap Financial from a “hold” rating to a “sell” rating in a research note on Sunday, April 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Procap Financial Company Profile

ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.