Jeffrey Jin Hyung Park Sells 50,962 Shares of Procap Financial (NASDAQ:BRR) Stock

Procap Financial, Inc. (NASDAQ:BRR) CIO Jeffrey Jin Hyung Park sold 50,962 shares of the firm’s stock in a transaction that occurred on Sunday, May 18th. The stock was sold at an average price of $1.93, for a total transaction of $98,356.66. Following the transaction, the executive owned 713,218 shares of the company’s stock, valued at approximately $1,376,510.74. The trade was a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Procap Financial Stock Performance

NASDAQ:BRR opened at $1.64 on Friday. The company has a quick ratio of 13.02, a current ratio of 13.02 and a debt-to-equity ratio of 0.30. Procap Financial, Inc. has a twelve month low of $1.61 and a twelve month high of $16.25. The company has a fifty day moving average of $2.08 and a 200-day moving average of $5.68. The firm has a market capitalization of $148.53 million and a P/E ratio of -1.26.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRR shares. Wall Street Zen downgraded shares of Procap Financial from a “hold” rating to a “sell” rating in a research note on Sunday, April 12th. Weiss Ratings started coverage on shares of Procap Financial in a research note on Wednesday. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Procap Financial Company Profile

ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.