Vivint Solar Inc (NYSE:VSLR) CFO Dana C. Russell sold 36,415 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $3.25, for a total value of $118,348.75. Following the completion of the transaction, the chief financial officer now directly owns 337,658 shares in the company, valued at approximately $1,097,388.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Vivint Solar Inc (NYSE:VSLR) remained flat at $$3.25 during mid-day trading on Monday. The company’s stock had a trading volume of 397,568 shares, compared to its average volume of 472,551. The firm has a market cap of $372.98, a PE ratio of 1.86 and a beta of -0.30. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. Vivint Solar Inc has a 1-year low of $2.65 and a 1-year high of $6.09.
Vivint Solar (NYSE:VSLR) last issued its earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.11). The firm had revenue of $66.78 million during the quarter, compared to the consensus estimate of $66.87 million. Vivint Solar had a net margin of 78.01% and a negative return on equity of 24.76%. The business’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. equities analysts predict that Vivint Solar Inc will post -1.17 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of VSLR. Teachers Advisors LLC raised its stake in shares of Vivint Solar by 6.8% in the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock valued at $280,000 after buying an additional 3,062 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Vivint Solar by 18.6% in the second quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock valued at $438,000 after buying an additional 11,746 shares during the period. Vanguard Group Inc. raised its stake in shares of Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock valued at $10,200,000 after buying an additional 329,748 shares during the period. State Street Corp raised its stake in shares of Vivint Solar by 5.8% in the second quarter. State Street Corp now owns 363,520 shares of the company’s stock valued at $2,127,000 after buying an additional 20,027 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Vivint Solar by 191.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock valued at $190,000 after buying an additional 36,651 shares during the period. Hedge funds and other institutional investors own 92.75% of the company’s stock.
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About Vivint Solar
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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