Vistance Networks (NASDAQ:VISN) Director Claudius Iv Watts Acquires 25,000 Shares of Company Stock

Vistance Networks, Inc. (NASDAQ:VISN) Director Claudius Iv Watts acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The stock was acquired at an average cost of $4.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director owned 1,597,729 shares in the company, valued at $6,390,916. This trade represents a 1.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Vistance Networks Trading Down 1.5%

Vistance Networks stock opened at $4.00 on Friday. The firm has a 50 day simple moving average of $6.07 and a 200 day simple moving average of $12.40. Vistance Networks, Inc. has a 1-year low of $3.90 and a 1-year high of $20.55. The firm has a market capitalization of $814.36 million, a price-to-earnings ratio of 0.11 and a beta of 2.57.

Vistance Networks Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Friday, November 6th. Investors of record on Monday, October 26th were issued a dividend of $1.50 per share. This is a drop from Vistance Networks’s previous special dividend of $5.00.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings lowered Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen upgraded Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Northland Securities downgraded shares of Vistance Networks from an “outperform” rating to a “market perform” rating and set a $4.00 price target on the stock. in a report on Tuesday. Five analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Vistance Networks has a consensus rating of “Hold” and an average price target of $15.00.

Institutional Trading of Vistance Networks

Large investors have recently added to or reduced their stakes in the stock. Persistent Asset Partners Ltd purchased a new position in shares of Vistance Networks in the 2nd quarter worth about $29,000. Triumph Capital Management bought a new position in Vistance Networks in the 2nd quarter worth approximately $32,000. First Bancorp Inc ME purchased a new stake in Vistance Networks in the 2nd quarter worth $38,000. Pinnacle Holdings LLC bought a new stake in Vistance Networks in the 2nd quarter worth approximately $48,000. Finally, Nykredit A S purchased a new position in shares of Vistance Networks in the 2nd quarter worth $54,000. Institutional investors own 88.04% of the company’s stock.

Vistance Networks Company Profile

Vistance Networks develops and supplies communications technology for satellite, space, terrestrial and wireless networks. Its offerings include satellite modems and ground-station equipment, radio-frequency systems, and troposcatter communications technology used to connect networks where conventional infrastructure may be limited. The company also provides public-safety communications solutions, including technology for emergency calling, call handling and location services. Its customers include government and defense organizations, satellite and telecommunications operators, and public-safety agencies.