Insider Selling: New Age Beverages Corp (NASDAQ:NBEV) CEO Sells 25,000 Shares of Stock

New Age Beverages Corp (NASDAQ:NBEV) CEO Brent D. Willis sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $3.27, for a total transaction of $81,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Brent D. Willis also recently made the following trade(s):

  • On Monday, July 15th, Brent D. Willis sold 25,000 shares of New Age Beverages stock. The stock was sold at an average price of $4.00, for a total transaction of $100,000.00.
  • On Monday, June 17th, Brent D. Willis sold 25,000 shares of New Age Beverages stock. The stock was sold at an average price of $4.59, for a total transaction of $114,750.00.

Shares of NASDAQ:NBEV traded up $0.20 during trading hours on Friday, reaching $3.46. The stock had a trading volume of 1,605,653 shares, compared to its average volume of 5,901,721. New Age Beverages Corp has a 1 year low of $1.30 and a 1 year high of $9.99. The firm’s 50 day moving average is $3.96 and its 200-day moving average is $5.06. The company has a current ratio of 1.65, a quick ratio of 1.24 and a debt-to-equity ratio of 0.28.

New Age Beverages (NASDAQ:NBEV) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.14). New Age Beverages had a negative net margin of 12.78% and a negative return on equity of 17.70%. The firm had revenue of $66.35 million during the quarter, compared to analysts’ expectations of $64.43 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 396.6% on a year-over-year basis. Equities analysts predict that New Age Beverages Corp will post -0.09 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in NBEV. Advisory Services Network LLC increased its position in shares of New Age Beverages by 5,012.7% in the 1st quarter. Advisory Services Network LLC now owns 10,072 shares of the company’s stock valued at $53,000 after purchasing an additional 9,875 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of New Age Beverages in the 1st quarter valued at approximately $56,000. Cetera Advisor Networks LLC purchased a new stake in shares of New Age Beverages in the 2nd quarter valued at approximately $61,000. South Texas Money Management Ltd. purchased a new stake in shares of New Age Beverages in the 2nd quarter valued at approximately $67,000. Finally, United Asset Strategies Inc. purchased a new stake in shares of New Age Beverages in the 2nd quarter valued at approximately $78,000. 13.86% of the stock is currently owned by institutional investors.

NBEV has been the topic of several recent analyst reports. Northland Securities restated a “hold” rating and issued a $5.00 price objective on shares of New Age Beverages in a report on Thursday, August 8th. Maxim Group reiterated a “hold” rating on shares of New Age Beverages in a report on Friday, May 10th. Zacks Investment Research upgraded shares of New Age Beverages from a “sell” rating to a “hold” rating in a report on Friday. Compass Point assumed coverage on shares of New Age Beverages in a report on Monday, June 10th. They set a “buy” rating and a $9.00 target price on the stock. Finally, BidaskClub lowered shares of New Age Beverages from a “sell” rating to a “strong sell” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $6.79.

New Age Beverages Company Profile

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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Insider Buying and Selling by Quarter for New Age Beverages (NASDAQ:NBEV)

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