Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells $17,081.87 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 8,671 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1.97, for a total value of $17,081.87. Following the sale, the insider directly owned 22,888 shares in the company, valued at $45,089.36. This trade represents a 27.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.10, for a total value of $52,080.00.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.99, for a total transaction of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt acquired 8,346 shares of Vision Marine Technologies stock. The shares were bought at an average price of $2.00 per share, with a total value of $16,692.00.
• 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 transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 99 shares of Vision Marine Technologies stock. The stock was bought 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 transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt purchased 6,872 shares of Vision Marine Technologies stock. The shares were bought at an average price of $2.84 per share, for a total transaction of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $3.27 per share, with a total value of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt acquired 234,583 shares of Vision Marine Technologies stock. The stock was bought at an average price of $0.29 per share, with a total value of $68,029.07.

Vision Marine Technologies Stock Performance

Shares of VMAR stock opened at $1.44 on Friday. The stock’s 50-day moving average is $5.91 and its two-hundred day moving average is $32.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. Vision Marine Technologies Inc. has a 1 year low of $1.41 and a 1 year high of $2,992.00. The firm has a market cap of $14,400.00, a price-to-earnings ratio of -0.00 and a beta of 0.12.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC bought a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 53.79% of the company’s stock.

Vision Marine Technologies Company Profile

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.