Neostellar Capital (NASDAQ:NSLR) CEO Mark Klein Purchases 5,000 Shares

Neostellar Capital (NASDAQ:NSLR) CEO Mark Klein acquired 5,000 shares of the stock in a transaction dated Monday, September 21st. The stock was acquired at an average price of $7.91 per share, for a total transaction of $39,550.00. Following the completion of the acquisition, the chief executive officer directly owned 1,763,796 shares of the company’s stock, valued at $13,951,626.36. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Neostellar Capital Trading Up 4.0%

Shares of NSLR stock opened at $8.30 on Wednesday. The company has a fifty day simple moving average of $9.94. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a 1 year low of $7.60 and a 1 year high of $14.98. The firm has a market cap of $219.70 million, a price-to-earnings ratio of 2.06 and a beta of 1.40.

Neostellar Capital (NASDAQ:NSLR) last released its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. The company had revenue of $0.30 million for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.

Institutional Investors Weigh In On Neostellar Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gabelli Funds LLC grew its stake in shares of Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after acquiring an additional 41,894 shares in the last quarter. GatePass Capital LLC boosted its holdings in Neostellar Capital by 2.5% in the 4th quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock valued at $4,799,000 after purchasing an additional 12,300 shares during the period. Private Advisor Group LLC grew its position in shares of Neostellar Capital by 51.4% during the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock worth $739,000 after purchasing an additional 23,446 shares in the last quarter. Tactive Advisors LLC grew its position in shares of Neostellar Capital by 66.5% during the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock worth $380,000 after purchasing an additional 12,111 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of Neostellar Capital by 5.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock worth $353,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Analyst Ratings Changes

NSLR has been the topic of several analyst reports. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Finally, BTIG Research reaffirmed a “buy” rating and issued a $15.00 target price on shares of Neostellar Capital in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $14.50.

Neostellar Capital Company Profile

Neostellar Capital Corp. is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with an operating company or other business, such as through a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

As a SPAC, Neostellar Capital does not have significant ongoing commercial operations, products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing an initial business combination.

The company is incorporated as an exempted company in the Cayman Islands and is listed on the Nasdaq under the symbol NSLR.