Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Purchases 23,534 Shares

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt purchased 23,534 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were acquired at an average price of $1.50 per share, for a total transaction of $35,301.00. Following the completion of the purchase, the insider directly owned 21,622 shares of the company’s stock, valued at approximately $32,433. This trade represents a -1,230.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 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 Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $1.33 per share, with a total value of $5,568.71.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.10, for a total transaction of $52,080.00.
• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.97, for a total value of $17,081.87.
• 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 value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The stock was bought at an average price of $1.98 per share, with a total value of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.00 per share, for a total transaction of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The shares were 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 stock was sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt bought 6,872 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.84 per share, with a total value of $19,516.48.

Vision Marine Technologies Stock Up 2.9%

NASDAQ:VMAR traded up $0.04 during trading hours on Tuesday, hitting $1.41. The company’s stock had a trading volume of 218,632 shares, compared to its average volume of 212,887. Vision Marine Technologies Inc. has a 52-week low of $1.00 and a 52-week high of $2,793.92. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $14,100.00, a P/E ratio of -0.00 and a beta of 0.12. The stock has a fifty day moving average of $5.91 and a 200-day moving average of $31.40.

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

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th largest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies as of its most recent SEC filing. Institutional investors own 53.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Vision Marine Technologies has a consensus rating of “Sell”.

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.