Eastside Distilling, Inc. (NASDAQ:BLNE) Director Joseph David Freedman Buys 6,250 Shares

Eastside Distilling, Inc. (NASDAQ:BLNE) Director Joseph David Freedman acquired 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of $2.84 per share, for a total transaction of $17,750.00. Following the completion of the acquisition, the director now directly owns 83,910 shares of the company’s stock, valued at $238,304.40. The trade was a 8.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Eastside Distilling Trading Down 1.2 %

NASDAQ:BLNE opened at $2.40 on Friday. Eastside Distilling, Inc. has a 52 week low of $2.10 and a 52 week high of $29.80. The firm has a market capitalization of $14.59 million, a price-to-earnings ratio of -0.65 and a beta of 1.64.

About Eastside Distilling

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.