Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Sells 11,359 Shares of Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $1.25, for a total transaction of $14,198.75. Following the completion of the sale, the insider owned 24,983 shares of the company’s stock, valued at $31,228.75. This represents a 31.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 7th, Financial Lp Hrt acquired 10,533 shares of Vision Marine Technologies stock. The shares were bought at an average price of $1.39 per share, for a total transaction of $14,640.87.
• On Monday, July 6th, Financial Lp Hrt bought 4,187 shares of Vision Marine Technologies stock. The stock was 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 bought 23,534 shares of Vision Marine Technologies stock. The stock was bought at an average price of $1.50 per share, for a total transaction of $35,301.00.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The stock was 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 shares were 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 value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $1.98 per share, with a total value of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt acquired 8,346 shares of Vision Marine Technologies stock. The shares were 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 value of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.74 per share, with a total value of $271.26.

Vision Marine Technologies Stock Performance

Shares of NASDAQ VMAR traded down $0.04 during midday trading on Thursday, hitting $1.24. 6,691,034 shares of the company’s stock traded hands, compared to its average volume of 282,510. Vision Marine Technologies Inc. has a 1 year low of $1.00 and a 1 year high of $2,680.00. The stock has a market capitalization of $16,120.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. 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 firm has a fifty day moving average of $5.22 and a 200 day moving average of $26.60.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) earnings per share for the quarter, topping 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 net margin of 54.94% and a negative return on equity of 281.97%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC bought a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up approximately 0.3% of Sabby Management LLC’s holdings, making the stock its 17th biggest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent quarter. 53.79% of the stock is currently 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.