Insider Selling: West Marine Director Unloads 8,000 Shares of Stock (WMAR)
West Marine (NASDAQ:WMAR) Director Randolph Repass sold 8,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $12.32, for a total value of $98,560.00. Following the completion of the sale, the director now directly owns 5,432,960 shares in the company, valued at approximately $66,934,067. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
West Marine (NASDAQ:WMAR) traded up 0.82% during mid-day trading on Friday, hitting $12.31. 70,419 shares of the company’s stock traded hands. West Marine has a 1-year low of $9.30 and a 1-year high of $13.20. The stock’s 50-day moving average is $12.15 and its 200-day moving average is $11.72. The company has a market cap of $299.8 million and a P/E ratio of 34.89.
West Marine (NASDAQ:WMAR) last announced its earnings results on Thursday, October 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.03. The company had revenue of $193.40 million for the quarter. Analysts expect that West Marine will post $0.38 EPS for the current fiscal year.
West Marine, Inc is a specialty retailer of boating supplies and accessories. The Company offers an assortment of merchandise for the boat and for the boater.
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