Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Sells 11,359 Shares

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 11,359 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $1.25, for a total transaction of $14,198.75. Following the completion of the transaction, the insider directly owned 24,983 shares of the company’s stock, valued at approximately $31,228.75. This represents a 31.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major 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 Tuesday, July 7th, Financial Lp Hrt bought 10,533 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $1.39 per share, with a total value of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt purchased 4,187 shares of Vision Marine Technologies stock. The shares were purchased at an average cost of $1.33 per share, with a total value of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt purchased 23,534 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $1.50 per share, for a total transaction of $35,301.00.
• 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 Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The stock was 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 stock was sold at an average price of $1.99, for a total value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt bought 876 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt purchased 8,346 shares of Vision Marine Technologies stock. The stock was acquired 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 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 acquired 99 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $2.74 per share, with a total value of $271.26.

Vision Marine Technologies Stock Down 3.1%

VMAR stock opened at $1.24 on Friday. The firm’s fifty day simple moving average is $5.02 and its 200-day simple moving average is $25.90. The company has a market capitalization of $12,400.00, a P/E ratio of -0.00 and a beta of 0.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 0.43. Vision Marine Technologies Inc. has a 12 month low of $1.00 and a 12 month high of $2,680.00.

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 analysts’ consensus estimates 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.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

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