Solesence (NASDAQ:SLSN) Director Acquires $19,200.00 in Stock

Solesence, Inc. (NASDAQ:SLSN) Director R Janet Whitmore acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average cost of $1.92 per share, for a total transaction of $19,200.00. Following the completion of the transaction, the director directly owned 2,084,198 shares of the company’s stock, valued at $4,001,660.16. The trade was a 0.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

R Janet Whitmore also recently made the following trade(s):

• On Tuesday, November 18th, R Janet Whitmore bought 267 shares of Solesence stock. The stock was acquired at an average cost of $1.83 per share, with a total value of $488.61.
• On Monday, November 17th, R Janet Whitmore bought 5,000 shares of Solesence stock. The shares were bought at an average price of $1.87 per share, for a total transaction of $9,350.00.
• On Friday, November 14th, R Janet Whitmore purchased 19,789 shares of Solesence stock. The shares were bought at an average cost of $1.73 per share, for a total transaction of $34,234.97.

Solesence Stock Performance

Shares of SLSN stock opened at $2.06 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.84 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $2.83 and a 200-day moving average price of $3.45. Solesence, Inc. has a 52 week low of $1.34 and a 52 week high of $16.56. The firm has a market capitalization of $145.31 million, a PE ratio of 206.21 and a beta of 1.07.

Solesence (NASDAQ:SLSN) last posted its earnings results on Thursday, November 13th. The company reported ($0.02) EPS for the quarter. The company had revenue of $14.60 million during the quarter. Solesence had a return on equity of 6.53% and a net margin of 1.72%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SLSN. Hunter Perkins Capital Management LLC bought a new stake in shares of Solesence during the 2nd quarter valued at $1,909,000. Geode Capital Management LLC purchased a new position in Solesence during the second quarter valued at $1,871,000. Vanguard Group Inc. grew its holdings in Solesence by 10.8% during the third quarter. Vanguard Group Inc. now owns 1,042,716 shares of the company’s stock valued at $3,358,000 after purchasing an additional 101,868 shares during the period. Kingsview Wealth Management LLC bought a new stake in Solesence during the second quarter valued at about $132,000. Finally, Modern Wealth Management LLC purchased a new stake in Solesence in the second quarter worth about $119,000. 70.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Solesence in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Solesence presently has an average rating of “Sell”.

Solesence Company Profile

Nanophase Technologies Corporation provides engineered materials, formulation development, and commercial manufacturing with an integrated family of technologies in the United States. It offers surface engineered zinc oxide and titanium dioxide for sunscreens and personal care products; fully formulated cosmetics, sun care, and skin care under the Solésence brand name; and advanced materials products, such as architectural coatings, industrial coatings, abrasion-resistant additives, plastics additives, medical diagnostics, and various surface finishing technologies applications.