State of Wyoming Makes New $481,000 Investment in High Tide Inc. (NASDAQ:HITI)

State of Wyoming purchased a new stake in shares of High Tide Inc. (NASDAQ:HITI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 155,559 shares of the company's stock, valued at approximately $481,000. State of Wyoming owned about 0.19% of High Tide at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Benin Management CORP grew its holdings in shares of High Tide by 100.0% during the 4th quarter. Benin Management CORP now owns 20,000 shares of the company's stock valued at $62,000 after purchasing an additional 10,000 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in High Tide during the fourth quarter valued at about $451,000. SBI Securities Co. Ltd. bought a new position in shares of High Tide during the fourth quarter valued at about $146,000. Northwest & Ethical Investments L.P. increased its holdings in shares of High Tide by 1,026.2% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company's stock worth $69,000 after buying an additional 20,391 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of High Tide by 755.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 240,288 shares of the company's stock worth $738,000 after buying an additional 212,197 shares during the period. 4.52% of the stock is owned by hedge funds and other institutional investors.

High Tide Trading Down 0.8%

Shares of HITI stock opened at $2.34 on Tuesday. The business has a 50-day moving average of $2.18 and a 200 day moving average of $2.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 0.92. High Tide Inc. has a 1-year low of $1.57 and a 1-year high of $3.62. The stock has a market capitalization of $189.62 million, a PE ratio of -78.00 and a beta of 0.57.

High Tide (NASDAQ:HITI - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). High Tide had a negative return on equity of 2.93% and a negative net margin of 0.81%. The firm had revenue of $100.25 million during the quarter, compared to the consensus estimate of $138.83 million. As a group, sell-side analysts anticipate that High Tide Inc. will post -0.04 earnings per share for the current year.

High Tide Profile

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.

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