Eastside Distilling Inc (NASDAQ:EAST) CFO Steve Shum sold 11,604 shares of Eastside Distilling stock in a transaction on Monday, September 10th. The shares were sold at an average price of $7.52, for a total transaction of $87,262.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

EAST opened at $7.75 on Thursday. Eastside Distilling Inc has a 1-year low of $3.53 and a 1-year high of $9.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.40 and a current ratio of 7.69.

Eastside Distilling (NASDAQ:EAST) last posted its quarterly earnings results on Monday, August 13th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.07). Eastside Distilling had a negative net margin of 130.79% and a negative return on equity of 118.61%. The company had revenue of $1.52 million during the quarter, compared to the consensus estimate of $1.43 million. equities research analysts predict that Eastside Distilling Inc will post -1.24 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ashford Capital Management Inc. bought a new stake in Eastside Distilling in the second quarter valued at $425,000. Manatuck Hill Partners LLC increased its stake in Eastside Distilling by 105.8% in the second quarter. Manatuck Hill Partners LLC now owns 247,000 shares of the company’s stock valued at $2,100,000 after purchasing an additional 127,000 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in Eastside Distilling in the second quarter valued at $144,000. 11.50% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of Eastside Distilling from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th.

About Eastside Distilling

Eastside Distilling, Inc develops, manufactures, produces, and markets hand-crafted spirits in the United States. The company offers bourbon under the Burnside West End Blend, Burnside Oregon Oaked Bourbon, and Burnside Goose Hollow RSV Bourbon brand names; premium whiskey under the Barrel Hitch American Whiskey brand names; distinctive whiskey under the Cherry Bomb Whiskey and Marionberry Whiskey brand names; rum under the Below Deck Silver Rum, Below Deck Spiced Rum, Below Deck Coffee Rum, and Below Deck Ginger Rum brand names; and vodka under the Portland Potato Vodka brand name.

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