Insider Buying: Twin Vee PowerCats (NASDAQ:VEEE) Director Acquires 25,000 Shares of Stock

Twin Vee PowerCats, Co. (NASDAQ:VEEE) Director Kevin Schuyler bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of $0.41 per share, with a total value of $10,250.00. Following the completion of the acquisition, the director owned 31,252 shares of the company’s stock, valued at $12,813.32. This trade represents a 399.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Twin Vee PowerCats Stock Down 9.1%

NASDAQ VEEE traded down $0.04 during trading hours on Thursday, hitting $0.40. 5,069,288 shares of the company were exchanged, compared to its average volume of 5,551,809. The firm has a market cap of $3.45 million, a price-to-earnings ratio of -0.09 and a beta of 1.16. The company has a 50 day moving average of $1.04 and a two-hundred day moving average of $1.79. Twin Vee PowerCats, Co. has a 52-week low of $0.26 and a 52-week high of $9.30.

Hedge Funds Weigh In On Twin Vee PowerCats

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Two Sigma Investments LP bought a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,370 shares of the company’s stock, valued at approximately $67,000. Two Sigma Investments LP owned about 1.09% of Twin Vee PowerCats as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 15.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VEEE shares. Wall Street Zen downgraded shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Twin Vee PowerCats

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.