Keebeck Wealth Management Makes New $103,000 Investment in Twin Vee PowerCats, Co. $VEEE

Keebeck Wealth Management bought a new stake in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 400,000 shares of the company’s stock, valued at approximately $103,000. Keebeck Wealth Management owned 173.91% of Twin Vee PowerCats as of its most recent filing with the Securities and Exchange Commission.

Separately, Two Sigma Investments LP bought a new position in shares of Twin Vee PowerCats during the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 15.57% of the company’s stock.

Twin Vee PowerCats Price Performance

NASDAQ VEEE opened at $12.97 on Monday. The firm has a market cap of $6.87 million, a PE ratio of -0.10 and a beta of 1.08. The company has a 50 day moving average price of $10.05 and a 200 day moving average price of $20.63. Twin Vee PowerCats, Co. has a 52 week low of $4.16 and a 52 week high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its earnings results on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. Twin Vee PowerCats had a negative net margin of 59.92% and a negative return on equity of 51.34%. The firm had revenue of $3.96 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Wall Street Zen cut Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Twin Vee PowerCats 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.