Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Financial Lp Hrt Sells 5,087 Shares of Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $1.99, for a total transaction of $10,123.13. Following the transaction, the insider directly owned 31,559 shares in the company, valued at $62,802.41. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.97, for a total transaction of $17,081.87.
• On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.98 per share, with a total value of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 99 shares of Vision Marine Technologies stock. The stock was acquired at an average price 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 stock was sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt purchased 6,872 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $2.84 per share, with a total value of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $3.27 per share, with a total value of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt acquired 234,583 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $0.29 per share, for a total transaction of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.00, for a total value of $14,160.00.

Vision Marine Technologies Stock Down 16.4%

VMAR opened at $1.58 on Thursday. The company has a market cap of $15,800.00, a P/E ratio of -0.00 and a beta of 0.12. The business’s 50-day moving average price is $6.41 and its 200-day moving average price is $33.72. The company has a current ratio of 1.28, a quick ratio of 0.43 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.

Vision Marine Technologies (NASDAQ:VMAR) last issued its earnings results on Tuesday, April 14th. The company reported ($23.20) earnings per share for the quarter, beating the consensus estimate of ($653.39) by $630.19. The company had revenue of $14.53 million during the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Analyst Ratings Changes

VMAR has been the subject of a number of analyst reports. Weiss Ratings raised Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies has an average rating of “Sell”.

Institutional Trading of Vision Marine Technologies

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

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.