Dc Vga Llc Sells 5,671 Shares of Turtle Beach (NASDAQ:TBCH) Stock

Turtle Beach Corporation (NASDAQ:TBCH) major shareholder Dc Vga Llc sold 5,671 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $13.00, for a total transaction of $73,723.00. Following the sale, the insider owned 1,775,441 shares of the company’s stock, valued at $23,080,733. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Dc Vga Llc also recently made the following trade(s):

• On Monday, August 10th, Dc Vga Llc sold 140,000 shares of Turtle Beach stock. The stock was sold at an average price of $12.70, for a total transaction of $1,778,000.00.

Turtle Beach Trading Down 0.1%

Shares of Turtle Beach stock traded down $0.01 on Wednesday, hitting $12.87. 218,402 shares of the company’s stock were exchanged, compared to its average volume of 324,810. The company has a current ratio of 2.38, a quick ratio of 1.30 and a debt-to-equity ratio of 0.95. Turtle Beach Corporation has a 1 year low of $9.84 and a 1 year high of $17.39. The company has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $12.15.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TBCH shares. Zacks Research cut shares of Turtle Beach from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Turtle Beach in a report on Friday, August 7th. Finally, Craig Hallum reissued a “buy” rating and set a $15.00 price target on shares of Turtle Beach in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Turtle Beach has an average rating of “Hold” and an average target price of $16.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in Turtle Beach during the 2nd quarter valued at approximately $741,000. Dimensional Fund Advisors LP lifted its holdings in shares of Turtle Beach by 26.1% in the first quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock worth $4,440,000 after buying an additional 90,677 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Turtle Beach by 20.4% during the first quarter. North Star Investment Management Corp. now owns 207,144 shares of the company’s stock worth $2,100,000 after acquiring an additional 35,144 shares during the last quarter. Pullen Investment Management LLC boosted its position in shares of Turtle Beach by 10.8% during the first quarter. Pullen Investment Management LLC now owns 158,866 shares of the company’s stock worth $1,611,000 after acquiring an additional 15,529 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Turtle Beach by 9.9% during the fourth quarter. Invesco Ltd. now owns 46,088 shares of the company’s stock valued at $647,000 after acquiring an additional 4,170 shares in the last quarter. 67.01% of the stock is currently owned by institutional investors.

Turtle Beach Company Profile

Turtle Beach Corporation (NASDAQ:TBCH) is a global developer, manufacturer and distributor of gaming audio peripherals, specializing in headsets, microphones and audio accessories for PC, console and mobile platforms. The company’s product lineup spans wired and wireless gaming headsets, mixing stations, sound cards and accessories designed to enhance the immersive experience for casual and professional gamers alike.

Founded in 1975 and headquartered in San Diego, California, Turtle Beach has built a longstanding reputation in audio innovation.