Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Purchases 8,346 Shares of Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt purchased 8,346 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $2.00 per share, with a total value of $16,692.00. Following the completion of the transaction, the insider directly owned 35,770 shares of the company’s stock, valued at approximately $71,540. This represents a 30.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 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 Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The shares were bought at an average price of $1.98 per share, for a total transaction of $1,734.48.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 99 shares of Vision Marine Technologies stock. The shares were purchased at an average cost of $2.74 per share, for a total transaction of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The shares were sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt bought 6,872 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.84 per share, for a total transaction of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $3.27 per share, with a total value of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt purchased 234,583 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $0.29 per share, with a total value of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.00, for a total transaction of $14,160.00.
• On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.30, for a total transaction of $2,390.80.
• On Wednesday, June 3rd, Financial Lp Hrt acquired 12,444 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $4.30 per share, for a total transaction of $53,509.20.

Vision Marine Technologies Trading Down 1.0%

Shares of Vision Marine Technologies stock opened at $1.96 on Tuesday. The firm has a market capitalization of $25,480.00, a price-to-earnings ratio of -0.00 and a beta of 0.07. Vision Marine Technologies Inc. has a fifty-two week low of $1.82 and a fifty-two week high of $3,180.00. 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 50 day moving average of $6.93 and a 200 day moving average of $36.79.

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

Hedge Funds Weigh In On Vision Marine Technologies

An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for approximately 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th biggest position. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Analysts Set New Price Targets

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

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.