Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Purchases $19,516.48 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt bought 6,872 shares of Vision Marine Technologies stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $2.84 per share, for a total transaction of $19,516.48. Following the acquisition, the insider owned 28,004 shares in the company, valued at $79,531.36. The trade was a 32.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total value of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.74 per share, with a total value of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The shares were sold at an average price of $3.11, for a total value of $5,402.07.
• On Wednesday, June 17th, Financial Lp Hrt acquired 2,621 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt acquired 234,583 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $0.29 per share, with a total value of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.00, for a total transaction of $14,160.00.
• On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.30, for a total transaction of $2,390.80.
• On Wednesday, June 3rd, Financial Lp Hrt purchased 12,444 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $4.30 per share, for a total transaction of $53,509.20.

Vision Marine Technologies Trading Down 2.6%

NASDAQ VMAR opened at $1.91 on Friday. Vision Marine Technologies Inc. has a one year low of $1.82 and a one year high of $3,180.00. The company has a 50-day simple moving average of $7.49 and a 200-day simple moving average of $40.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. The firm has a market capitalization of $19,100.00, a PE ratio of -0.00 and a beta of 0.07.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) earnings per share for the quarter, topping the consensus estimate of ($653.39) by $630.19. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%. The firm had revenue of $14.53 million for the quarter, compared to analyst estimates of $0.73 million.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VMAR. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Wall Street Zen raised Vision Marine Technologies to a “hold” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for approximately 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent reporting period. 53.79% of the stock is owned by hedge funds and other institutional investors.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.