Reginald Kapteyn Sells 18,000 Shares of New Age Beverages Corp (NBEV) Stock

New Age Beverages Corp (NASDAQ:NBEV) Director Reginald Kapteyn sold 18,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $5.20, for a total value of $93,600.00. Following the completion of the transaction, the director now owns 68,812 shares in the company, valued at approximately $357,822.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NBEV stock opened at $5.30 on Tuesday. New Age Beverages Corp has a 12 month low of $1.30 and a 12 month high of $9.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.74.

Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. grew its holdings in New Age Beverages by 439.3% during the fourth quarter. Advisor Group Inc. now owns 10,785 shares of the company’s stock valued at $56,000 after purchasing an additional 8,785 shares during the last quarter. United Services Automobile Association acquired a new position in New Age Beverages during the fourth quarter valued at approximately $57,000. GSA Capital Partners LLP acquired a new position in New Age Beverages during the fourth quarter valued at approximately $63,000. Creative Planning acquired a new position in New Age Beverages during the fourth quarter valued at approximately $72,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in New Age Beverages by 19.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,865 shares of the company’s stock valued at $88,000 after purchasing an additional 2,779 shares during the last quarter. Institutional investors own 13.21% of the company’s stock.

NBEV has been the topic of a number of research reports. Northland Securities increased their price objective on New Age Beverages from $6.00 to $8.00 and gave the stock a “sell” rating in a report on Monday, January 7th. BidaskClub upgraded New Age Beverages from a “hold” rating to a “buy” rating in a report on Saturday, January 12th. Zacks Investment Research downgraded New Age Beverages from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. TheStreet upgraded New Age Beverages from a “d+” rating to a “c-” rating in a report on Friday, February 22nd. Finally, Alliance Global Partners initiated coverage on New Age Beverages in a report on Tuesday, March 26th. They issued a “buy” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $6.95.

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About New Age Beverages

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages.

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