Twin Vee PowerCats (NASDAQ:VEEE) Major Shareholder Financial Lp Hrt Sells 49,505 Shares of Stock

Twin Vee PowerCats, Co. (NASDAQ:VEEE) major shareholder Financial Lp Hrt sold 49,505 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $18.12, for a total transaction of $897,030.60. Following the completion of the sale, the insider directly owned 5,523 shares of the company’s stock, valued at $100,076.76. The trade was a 89.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Twin Vee PowerCats Stock Performance

NASDAQ:VEEE opened at $12.94 on Thursday. Twin Vee PowerCats, Co. has a 52 week low of $4.16 and a 52 week high of $128.02. The firm has a 50-day moving average price of $10.56 and a two-hundred day moving average price of $19.40. The firm has a market cap of $6.86 million, a price-to-earnings ratio of -0.10 and a beta of 1.08.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its earnings results on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. The business had revenue of $3.96 million during the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.

Hedge Funds Weigh In On Twin Vee PowerCats

Several large investors have recently modified their holdings of VEEE. Two Sigma Investments LP bought a new stake in shares of Twin Vee PowerCats in the third quarter valued at approximately $67,000. Everstar Asset Management LLC bought a new position in Twin Vee PowerCats in the 1st quarter worth approximately $64,000. Finally, Keebeck Wealth Management bought a new position in Twin Vee PowerCats in the 1st quarter worth approximately $103,000. Hedge funds and other institutional investors own 15.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VEEE shares. Weiss Ratings upgraded shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Wall Street Zen lowered Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Twin Vee PowerCats

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.