Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Acquires 10,533 Shares of Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt bought 10,533 shares of the stock in a transaction dated Tuesday, July 7th. The stock was bought at an average price of $1.39 per share, with a total value of $14,640.87. Following the purchase, the insider owned 36,342 shares of the company’s stock, valued at approximately $50,515.38. This represents a 40.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.25, for a total transaction of $14,198.75.
• On Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The stock was 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 bought 23,534 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $1.50 per share, with a total value of $35,301.00.
• 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 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 purchased 876 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.98 per share, with a total value 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 cost of $2.00 per share, with a total value 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 value 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, for a total transaction of $271.26.

Vision Marine Technologies Price Performance

VMAR stock opened at $1.24 on Friday. The stock’s 50 day moving average is $5.02 and its two-hundred day moving average is $25.90. Vision Marine Technologies Inc. has a 52-week low of $1.00 and a 52-week high of $2,680.00. The company has a market capitalization of $12,400.00, a PE ratio of -0.00 and a beta of 0.12. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87.

Vision Marine Technologies (NASDAQ:VMAR) last released its earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, beating 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 company had revenue of $14.53 million during the quarter, compared to analysts’ expectations of $0.73 million.

Institutional Inflows and Outflows

A hedge fund 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 13F filing with the Securities & Exchange Commission. The fund bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for about 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th largest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent SEC filing. 53.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on VMAR. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings raised shares of 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 MarketBeat.com, the stock has a consensus rating of “Sell”.

About Vision Marine Technologies

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.