Vistance Networks (NASDAQ:VISN) Director Sells $149,627.28 in Stock

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 23,864 shares of Vistance Networks stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.27, for a total value of $149,627.28. Following the transaction, the director owned 74,507 shares in the company, valued at approximately $467,158.89. The trade was a 24.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

L William Krause also recently made the following trade(s):

• On Friday, August 28th, L William Krause sold 176,136 shares of Vistance Networks stock. The shares were sold at an average price of $6.75, for a total transaction of $1,188,918.00.

Vistance Networks Price Performance

Shares of VISN stock traded up $0.03 during trading on Friday, reaching $6.40. The company’s stock had a trading volume of 6,256,543 shares, compared to its average volume of 6,371,510. Vistance Networks, Inc. has a 1-year low of $6.00 and a 1-year high of $20.55. The stock’s 50-day moving average price is $11.29 and its 200 day moving average price is $14.06. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 0.21 and a beta of 2.39.

Vistance Networks Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were paid a dividend of $5.00 per share. The ex-dividend date was Friday, August 28th.

Wall Street Analysts Forecast Growth

VISN has been the subject of several recent research reports. Weiss Ratings downgraded Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen upgraded shares of Vistance Networks from a “sell” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.33.

Institutional Investors Weigh In On Vistance Networks

Several institutional investors have recently bought and sold shares of the business. Persistent Asset Partners Ltd acquired a new position in Vistance Networks in the second quarter worth about $29,000. Triumph Capital Management acquired a new stake in Vistance Networks in the 2nd quarter valued at approximately $32,000. First Bancorp Inc ME bought a new stake in shares of Vistance Networks during the 2nd quarter worth about $38,000. Pinnacle Holdings LLC acquired a new stake in shares of Vistance Networks in the second quarter valued at $48,000. Finally, Nykredit A S bought a new stake in shares of Vistance Networks in the 2nd quarter worth approximately $54,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

About Vistance Networks

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.