Tidal Investments LLC Makes New Investment in Vistance Networks, Inc. $VISN

Key Points

• Tidal Investments purchased 200,003 shares of Vistance Networks, valued at approximately $2.56 million, giving it a 0.09% stake. Institutional investors collectively own 88.04% of the company.
• Analyst sentiment is cautious: four analysts rate the stock Hold, with an average price target of $19.33. Shares opened at $6.73, near their one-year low of $6.00 and well below the one-year high of $20.55.
• Insider activity was mixed, with the chief accounting officer buying 10,000 shares while a director sold 176,136 shares. The company also announced a $5.00-per-share dividend paid to eligible shareholders.

Tidal Investments LLC purchased a new stake in shares of Vistance Networks, Inc. (NASDAQ:VISN - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 200,003 shares of the business services provider's stock, valued at approximately $2,556,000. Tidal Investments LLC owned about 0.09% of Vistance Networks at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Persistent Asset Partners Ltd bought a new stake in shares of Vistance Networks in the 2nd quarter worth approximately $29,000. Triumph Capital Management bought a new stake in Vistance Networks in the second quarter worth $32,000. First Bancorp Inc ME purchased a new stake in Vistance Networks during the second quarter valued at about $38,000. Pinnacle Holdings LLC purchased a new stake in Vistance Networks during the second quarter valued at about $48,000. Finally, Nykredit A S bought a new stake in shares of Vistance Networks in the 2nd quarter valued at about $54,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Vistance Networks from a "sell" rating to a "hold" rating in a research report on Sunday, August 30th. Weiss Ratings downgraded Vistance Networks from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, Zacks Research lowered Vistance Networks from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 30th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.33.

Vistance Networks Price Performance

Shares of NASDAQ:VISN opened at $6.73 on Wednesday. The stock's 50-day moving average is $10.34 and its 200 day moving average is $13.37. The company has a market cap of $1.55 billion, a PE ratio of 0.22 and a beta of 2.39. Vistance Networks, Inc. has a 1 year low of $6.00 and a 1 year high of $20.55.

Vistance Networks Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Friday, August 28th.

Insider Buying and Selling

In other Vistance Networks news, CAO Charles A. Gilstrap purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $10.75 per share, with a total value of $107,500.00. Following the completion of the purchase, the chief accounting officer directly owned 302,417 shares of the company's stock, valued at $3,250,982.75. The trade was a 3.42% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director L. William Krause sold 176,136 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $6.75, for a total value of $1,188,918.00. Following the completion of the sale, the director directly owned 98,371 shares of the company's stock, valued at $664,004.25. The trade was a 64.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by corporate insiders.

Vistance Networks Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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