State of Wyoming purchased a new stake in shares of High Tide Inc. (NASDAQ:HITI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 155,559 shares of the company's stock, valued at approximately $481,000. State of Wyoming owned about 0.19% of High Tide as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of HITI. Benin Management CORP lifted its position in shares of High Tide by 100.0% during the fourth quarter. Benin Management CORP now owns 20,000 shares of the company's stock valued at $62,000 after buying an additional 10,000 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of High Tide during the fourth quarter valued at about $451,000. SBI Securities Co. Ltd. acquired 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% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company's stock valued at $69,000 after acquiring an additional 20,391 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of High Tide by 755.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 240,288 shares of the company's stock valued at $738,000 after acquiring an additional 212,197 shares in the last quarter. 4.52% of the stock is owned by hedge funds and other institutional investors.
High Tide Stock Down 2.1%
Shares of HITI traded down $0.05 during mid-day trading on Friday, hitting $2.28. 268,760 shares of the company traded hands, compared to its average volume of 604,405. High Tide Inc. has a 1-year low of $1.57 and a 1-year high of $3.62. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $184.76 million, a PE ratio of -76.00 and a beta of 0.57. The business has a 50 day moving average of $2.19 and a 200 day moving average of $2.62.
High Tide (NASDAQ:HITI - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.81% and a negative return on equity of 2.93%. The company had revenue of $100.25 million for the quarter, compared to analyst estimates of $138.83 million. Equities research analysts anticipate that High Tide Inc. will post -0.04 EPS for the current year.
High Tide Company Profile
(
Free Report)
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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