Solesence (NASDAQ:SLSN) Director R Janet Whitmore Purchases 19,789 Shares

Solesence, Inc. (NASDAQ:SLSN) Director R Janet Whitmore bought 19,789 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average cost of $1.73 per share, for a total transaction of $34,234.97. Following the acquisition, the director directly owned 2,068,931 shares of the company’s stock, valued at $3,579,250.63. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

R Janet Whitmore also recently made the following trade(s):

• On Wednesday, November 19th, R Janet Whitmore purchased 10,000 shares of Solesence stock. The stock was acquired at an average price of $1.92 per share, with a total value of $19,200.00.
• On Tuesday, November 18th, R Janet Whitmore purchased 267 shares of Solesence stock. The shares were bought at an average cost of $1.83 per share, for a total transaction of $488.61.
• On Monday, November 17th, R Janet Whitmore purchased 5,000 shares of Solesence stock. The shares were bought at an average cost of $1.87 per share, with a total value of $9,350.00.

Solesence Stock Performance

NASDAQ SLSN traded down $0.14 during trading hours on Friday, hitting $2.05. 6,247 shares of the stock were exchanged, compared to its average volume of 90,979. The company has a quick ratio of 0.78, a current ratio of 1.84 and a debt-to-equity ratio of 0.61. The company has a market cap of $144.61 million, a price-to-earnings ratio of 205.21 and a beta of 1.07. Solesence, Inc. has a 12-month low of $1.34 and a 12-month high of $16.56. The stock has a 50-day moving average of $2.87 and a 200 day moving average of $3.47.

Solesence (NASDAQ:SLSN) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $14.60 million during the quarter. Solesence had a net margin of 1.72% and a return on equity of 6.53%.

Hedge Funds Weigh In On Solesence

A number of institutional investors have recently made changes to their positions in SLSN. Bank of America Corp DE acquired a new position in Solesence in the second quarter worth about $26,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Solesence during the second quarter valued at approximately $29,000. JPMorgan Chase & Co. bought a new position in Solesence during the 2nd quarter worth approximately $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Solesence in the 2nd quarter worth approximately $45,000. Finally, Intech Investment Management LLC acquired a new position in shares of Solesence in the 2nd quarter worth approximately $46,000. 70.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Solesence in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Solesence has a consensus rating of “Sell”.

About Solesence

Nanophase Technologies Corporation provides engineered materials, formulation development, and commercial manufacturing with an integrated family of technologies in the United States. It offers surface engineered zinc oxide and titanium dioxide for sunscreens and personal care products; fully formulated cosmetics, sun care, and skin care under the Solésence brand name; and advanced materials products, such as architectural coatings, industrial coatings, abrasion-resistant additives, plastics additives, medical diagnostics, and various surface finishing technologies applications.