Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Sells 8,671 Shares of Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 8,671 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1.97, for a total value of $17,081.87. Following the transaction, the insider owned 22,888 shares of the company’s stock, valued at approximately $45,089.36. This trade represents a 27.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major 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 Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.99, for a total value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $1.98 per share, for a total transaction 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 cost 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 stock was sold at an average price of $2.24, for a total value of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 99 shares of Vision Marine Technologies stock. The stock was 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 value 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 shares were 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 cost 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 stock was sold at an average price of $4.00, for a total transaction of $14,160.00.

Vision Marine Technologies Price Performance

NASDAQ VMAR opened at $1.58 on Thursday. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. Vision Marine Technologies Inc. has a 12-month low of $1.52 and a 12-month high of $3,080.00. The company has a market capitalization of $15,800.00, a PE ratio of -0.00 and a beta of 0.12. The firm’s 50 day moving average is $6.41 and its 200-day moving average is $33.72.

Vision Marine Technologies (NASDAQ:VMAR) last announced its earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, topping the consensus estimate of ($653.39) by $630.19. The business had revenue of $14.53 million during 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VMAR. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies at the end of the most recent quarter. 53.79% of the stock is currently owned by hedge funds and other institutional investors.

Vision Marine Technologies Company Profile

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.