Cable Car Capital LP Acquires Shares of 1,000,000 LiqTech International, Inc. $LIQT

Cable Car Capital LP acquired a new position in shares of LiqTech International, Inc. (NASDAQ:LIQT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,000,000 shares of the company’s stock, valued at approximately $849,000. Cable Car Capital LP owned about 0.10% of LiqTech International at the end of the most recent reporting period.

Separately, Clear Harbor Asset Management LLC bought a new stake in LiqTech International in the 2nd quarter worth about $52,000. Institutional investors own 35.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LIQT. Weiss Ratings cut shares of LiqTech International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Zacks Research raised LiqTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Ascendiant Capital Markets lifted their price target on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.40.

Insiders Place Their Bets

In other news, Director Robert Wowk purchased 50,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $1.00 per share, with a total value of $50,000.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $50,000. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lp Bleichroeder purchased 700,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $1.00 per share, with a total value of $700,000.00. Following the purchase, the insider directly owned 3,882,239 shares in the company, valued at $3,882,239. This trade represents a 22.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 12.80% of the company’s stock.

LiqTech International Trading Down 1.5%

Shares of LIQT stock opened at $0.59 on Wednesday. The company has a 50 day moving average of $0.71 and a 200-day moving average of $1.34. The company has a quick ratio of 3.43, a current ratio of 4.37 and a debt-to-equity ratio of 0.09. LiqTech International, Inc. has a 12-month low of $0.52 and a 12-month high of $3.35. The firm has a market cap of $19.47 million, a P/E ratio of -0.70 and a beta of 1.05.

LiqTech International (NASDAQ:LIQT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. LiqTech International had a negative return on equity of 69.03% and a negative net margin of 63.18%.The business had revenue of $4.36 million for the quarter, compared to the consensus estimate of $6.00 million. Sell-side analysts anticipate that LiqTech International, Inc. will post -0.79 earnings per share for the current year.

About LiqTech International

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.