SunOpta, Inc. (STKL) CEO Purchases $209,500.00 in Stock
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CEO Joseph Ennen acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $4.19 per share, for a total transaction of $209,500.00. Following the completion of the transaction, the chief executive officer now directly owns 104,000 shares in the company, valued at approximately $435,760. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Joseph Ennen also recently made the following trade(s):
- On Friday, May 10th, Joseph Ennen acquired 50,000 shares of SunOpta stock. The shares were purchased at an average cost of $4.31 per share, for a total transaction of $215,500.00.
Shares of NASDAQ STKL traded up $0.23 during trading on Wednesday, reaching $4.54. 35,590 shares of the company traded hands, compared to its average volume of 279,302. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 1.72. The company has a market cap of $377.30 million, a PE ratio of -16.27 and a beta of 1.13. SunOpta, Inc. has a 52-week low of $2.21 and a 52-week high of $9.10.
Several brokerages recently commented on STKL. Zacks Investment Research downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, ValuEngine downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. SunOpta has an average rating of “Hold” and an average price target of $10.00.
Several hedge funds and other institutional investors have recently made changes to their positions in STKL. Simplex Trading LLC purchased a new stake in shares of SunOpta during the 4th quarter valued at about $45,000. Cutler Group LP boosted its holdings in shares of SunOpta by 214.8% during the 4th quarter. Cutler Group LP now owns 13,220 shares of the company’s stock valued at $51,000 after acquiring an additional 9,021 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of SunOpta during the 1st quarter valued at about $87,000. Squarepoint Ops LLC purchased a new stake in shares of SunOpta during the 4th quarter valued at about $106,000. Finally, Millennium Management LLC purchased a new stake in shares of SunOpta during the 4th quarter valued at about $117,000. 81.78% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “SunOpta, Inc. (STKL) CEO Purchases $209,500.00 in Stock” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2019/05/15/sunopta-inc-stkl-ceo-purchases-209500-00-in-stock.html.
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
Further Reading: Average Daily Trade Volume – ADTV
Receive News & Ratings for SunOpta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunOpta and related companies with MarketBeat.com's FREE daily email newsletter.