Arrington Capital Management LLC Takes Position in CEA Industries Inc. $BNC

Arrington Capital Management LLC purchased a new stake in shares of CEA Industries Inc. (NASDAQ:BNC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 320,545 shares of the company’s stock, valued at approximately $2,058,000. CEA Industries comprises approximately 1.9% of Arrington Capital Management LLC’s portfolio, making the stock its 10th biggest position. Arrington Capital Management LLC owned about 0.73% of CEA Industries at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Geode Capital Management LLC bought a new stake in shares of CEA Industries during the 4th quarter valued at about $3,236,000. Alyeska Investment Group L.P. bought a new stake in CEA Industries in the 4th quarter worth approximately $2,342,000. State Street Corp bought a new stake in CEA Industries in the 4th quarter worth approximately $914,000. Marshall Wace LLP bought a new stake in CEA Industries in the 4th quarter worth approximately $287,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in CEA Industries in the 4th quarter worth approximately $229,000.

CEA Industries Stock Down 12.1%

NASDAQ:BNC opened at $2.18 on Thursday. The stock has a 50 day moving average price of $2.73. The company has a market cap of $93.52 million, a P/E ratio of 0.50 and a beta of 0.57. CEA Industries Inc. has a 1-year low of $1.84 and a 1-year high of $82.88.

CEA Industries (NASDAQ:BNC) last released its earnings results on Saturday, February 28th. The company reported ($2.00) earnings per share for the quarter. The firm had revenue of $7.33 million during the quarter. CEA Industries had a return on equity of 135.54% and a net margin of 749.66%.

CEA Industries Company Profile

CEA Industries Inc provides technology, engineering, and other services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems. The company also provides air handling equipment and systems; LED lighting; benching and racking solutions for indoor cultivation; automation and control devices, systems, and technologies for environmental, lighting, and climate control applications; and preventive maintenance services for CEA facilities.