HYNE (NASDAQ:HYNE) Rating Lowered to “Sell” at Wall Street Zen

HYNE (NASDAQ:HYNE) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings raised HYNE from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

HYNE Stock Performance

Shares of HYNE opened at $16.76 on Friday. The stock has a market cap of $135.76 million and a P/E ratio of -838.00. HYNE has a fifty-two week low of $13.35 and a fifty-two week high of $16.86. The business’s 50 day simple moving average is $15.99.

HYNE (NASDAQ:HYNE) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter. The business had revenue of $4.48 million for the quarter.

Insider Activity

In related news, CEO Walter F. Healy acquired 1,537 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $16.28 per share, with a total value of $25,022.36. Following the completion of the transaction, the chief executive officer owned 15,821 shares in the company, valued at $257,565.88. This represents a 10.76% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 1,998 shares of company stock valued at $32,267. Company insiders own 3.20% of the company’s stock.

Institutional Trading of HYNE

Hedge funds have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC purchased a new position in HYNE in the fourth quarter worth approximately $1,021,000. Harbor Advisors LLC acquired a new position in HYNE during the 4th quarter worth approximately $217,000. Gamco Investors INC. ET AL purchased a new stake in shares of HYNE in the 4th quarter valued at approximately $932,000. Cerity Partners LLC purchased a new stake in shares of HYNE in the 4th quarter valued at approximately $455,000. Finally, HRT Financial LP acquired a new stake in shares of HYNE in the 4th quarter valued at $205,000.

HYNE Company Profile

Hoyne Bancorp Inc focuses on operating as the bank holding company for Hoyne Savings Bank which provides various financial products and services. Hoyne Bancorp Inc is based in Chicago, Illinois.