Financial Lp Hrt Acquires 10,533 Shares of Vision Marine Technologies (NASDAQ:VMAR) Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt bought 10,533 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average cost of $1.39 per share, with a total value of $14,640.87. Following the transaction, the insider owned 36,342 shares of the company’s stock, valued at $50,515.38. This represents a 40.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.25, for a total value of $14,198.75.
• On Monday, July 6th, Financial Lp Hrt acquired 4,187 shares of Vision Marine Technologies stock. The shares were bought at an average price of $1.33 per share, for a total transaction of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt acquired 23,534 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $1.50 per share, with a total value of $35,301.00.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.10, for a total transaction of $52,080.00.
• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.97, for a total transaction of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.99, for a total transaction of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The shares were purchased at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt purchased 8,346 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.00 per share, with a total value of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt acquired 99 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.74 per share, for a total transaction of $271.26.

Vision Marine Technologies Stock Up 2.4%

Shares of VMAR stock opened at $1.27 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. The stock has a market cap of $12,700.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. Vision Marine Technologies Inc. has a 52-week low of $1.00 and a 52-week high of $2,680.00. The firm’s 50-day moving average is $4.82 and its 200-day moving average is $25.73.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings results on Tuesday, April 14th. The company reported ($23.20) earnings per share for the quarter, beating the consensus estimate of ($653.39) by $630.19. The firm had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Analyst Ratings Changes

VMAR has been the topic of a number of research reports. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Wall Street Zen raised Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC purchased a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 53.79% of the stock is owned by institutional investors.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.