Robert Rosario Gonnelli Purchases 5,000 Shares of Off The Hook Ys (NYSEAMERICAN:OTH) Stock

Off The Hook Ys Inc. (NYSEAMERICAN:OTH) Director Robert Rosario Gonnelli acquired 5,000 shares of the stock in a transaction dated Friday, January 16th. The stock was acquired at an average cost of $2.60 per share, with a total value of $13,000.00. Following the transaction, the director owned 162,000 shares of the company’s stock, valued at approximately $421,200. This trade represents a 3.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Off The Hook Ys Trading Down 4.2%

NYSEAMERICAN OTH opened at $2.71 on Friday. Off The Hook Ys Inc. has a twelve month low of $1.95 and a twelve month high of $3.90.

Off The Hook Ys declared that its board has approved a share buyback plan on Thursday, January 8th that authorizes the company to buyback $1.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity upgraded shares of Off The Hook Ys to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

About Off The Hook Ys

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.