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40,500 Shares in Twin Vee Powercats Co. (NASDAQ:VEEE) Acquired by Warberg Asset Management LLC

Financial News Live ·  Jan 25, 2023 10:30

Warberg Asset Management LLC acquired a new position in shares of Twin Vee Powercats Co. (NASDAQ:VEEE – Get Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,500 shares of the company's stock, valued at approximately $99,000. Warberg Asset Management LLC owned approximately 0.58% of Twin Vee Powercats at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VEEE. UMB Bank n.a. acquired a new position in Twin Vee Powercats during the 3rd quarter worth approximately $222,000. Vanguard Group Inc. bought a new stake in Twin Vee Powercats during the 1st quarter worth approximately $145,000. Finally, Bard Associates Inc. grew its holdings in Twin Vee Powercats by 2.0% during the 2nd quarter. Bard Associates Inc. now owns 242,775 shares of the company's stock worth $653,000 after acquiring an additional 4,775 shares during the last quarter. 22.42% of the stock is currently owned by institutional investors and hedge funds.

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Twin Vee Powercats Price Performance

VEEE opened at $2.28 on Wednesday. Twin Vee Powercats Co. has a fifty-two week low of $1.62 and a fifty-two week high of $8.80. The company's 50 day moving average price is $1.97 and its two-hundred day moving average price is $2.88.

Twin Vee Powercats (NASDAQ:VEEE – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported ($0.09) earnings per share for the quarter. Twin Vee Powercats had a negative return on equity of 13.22% and a negative net margin of 12.08%. The business had revenue of $8.81 million for the quarter.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Twin Vee Powercats from a "c-" rating to a "d" rating in a report on Monday, October 31st.

Twin Vee Powercats Profile

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Twin Vee PowerCats Co designs, manufactures, and markets recreational and commercial power catamaran boats. The company operated through three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing and diving expeditions.

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