Vivint Solar Inc (VSLR) CFO Dana C. Russell Sells 23,453 Shares
Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 23,453 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $3.25, for a total value of $76,222.25. Following the completion of the sale, the chief financial officer now owns 293,880 shares in the company, valued at approximately $955,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Vivint Solar stock traded down $0.05 during midday trading on Monday, reaching $3.35. The company had a trading volume of 630,647 shares, compared to its average volume of 501,169. The stock has a market capitalization of $390.19, a price-to-earnings ratio of 1.91 and a beta of -0.30. Vivint Solar Inc has a 52-week low of $2.65 and a 52-week high of $6.09. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.11). The company had revenue of $66.78 million during the quarter, compared to analyst estimates of $66.87 million. Vivint Solar had a net margin of 78.01% and a negative return on equity of 24.76%. The company’s revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) earnings per share. sell-side analysts anticipate that Vivint Solar Inc will post -0.99 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in VSLR. Teachers Advisors LLC raised its stake in shares of Vivint Solar by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after buying an additional 3,062 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Vivint Solar by 18.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after buying an additional 11,746 shares during the period. Vanguard Group Inc. raised its stake in shares of Vivint Solar by 23.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock worth $10,200,000 after buying an additional 329,748 shares during the period. State Street Corp raised its stake in shares of Vivint Solar by 5.8% during the 2nd quarter. State Street Corp now owns 363,520 shares of the company’s stock worth $2,127,000 after buying an additional 20,027 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Vivint Solar by 191.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares during the period. 92.75% of the stock is owned by institutional investors and hedge funds.
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About Vivint Solar
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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