cbdMD (NYSEAMERICAN:YCBD) Trading Up 8.6%

cbdMD, Inc. (NYSEAMERICAN:YCBD) was up 8.6% during mid-day trading on Thursday . The stock traded as high as $1.04 and last traded at $1.00. Approximately 69,687 shares were traded during trading, a decline of 74% from the average daily volume of 271,512 shares. The stock had previously closed at $0.92.

cbdMD Stock Performance

cbdMD (NYSEAMERICAN:YCBD) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.67) earnings per share (EPS) for the quarter. The company had revenue of $5.38 million for the quarter. cbdMD had a negative net margin of 87.07% and a negative return on equity of 118.28%.

Institutional Investors Weigh In On cbdMD

Several institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. acquired a new stake in shares of cbdMD in the second quarter valued at $32,000. AXS Investments LLC lifted its stake in cbdMD by 42.1% during the fourth quarter. AXS Investments LLC now owns 91,204 shares of the company’s stock valued at $95,000 after purchasing an additional 27,017 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of cbdMD by 49.3% in the first quarter. Renaissance Technologies LLC now owns 93,600 shares of the company’s stock valued at $97,000 after buying an additional 30,900 shares in the last quarter. Vident Investment Advisory LLC lifted its position in shares of cbdMD by 68.4% during the 1st quarter. Vident Investment Advisory LLC now owns 119,283 shares of the company’s stock valued at $124,000 after acquiring an additional 48,470 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of cbdMD during the 1st quarter worth $28,000. Institutional investors and hedge funds own 7.18% of the company’s stock.

About cbdMD

cbdMD, Inc produces and distributes various cannabidiol (CBD) products. The company owns and operates consumer hemp-based CBD brands, such as cbdMD, Paw CBD, hempMD, and cbdMD Botanicals. Its cbdMD brand products include CDB tinctures, gummies, topicals, capsules, drink mixes, and sleep, focus, and calming aids.