Manatuck Hill Partners LLC Acquires Shares of 85,000 Laird Superfood, Inc. (NYSEAMERICAN:LSF)

Manatuck Hill Partners LLC bought a new stake in shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 85,000 shares of the company's stock, valued at approximately $670,000. Manatuck Hill Partners LLC owned about 0.83% of Laird Superfood at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in Laird Superfood during the fourth quarter worth $471,000. Marshall Wace LLP acquired a new stake in shares of Laird Superfood during the 4th quarter worth about $1,422,000. Renaissance Technologies LLC lifted its holdings in Laird Superfood by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 313,800 shares of the company's stock valued at $2,473,000 after purchasing an additional 52,300 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Laird Superfood in the fourth quarter valued at about $101,000. Finally, Geode Capital Management LLC grew its stake in Laird Superfood by 29.3% during the third quarter. Geode Capital Management LLC now owns 80,253 shares of the company's stock worth $398,000 after buying an additional 18,187 shares during the last quarter. 8.56% of the stock is owned by institutional investors.

Laird Superfood Stock Down 0.5 %

Shares of NYSEAMERICAN:LSF traded down $0.04 during midday trading on Wednesday, reaching $6.51. The company's stock had a trading volume of 21,247 shares, compared to its average volume of 123,093. The stock's fifty day simple moving average is $5.52. The company has a market capitalization of $66.94 million, a P/E ratio of -46.46 and a beta of 2.27. Laird Superfood, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $10.90.

Insiders Place Their Bets

In related news, CEO Jason D. Vieth purchased 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $5.37 per share, with a total value of $53,700.00. Following the transaction, the chief executive officer now directly owns 684,969 shares of the company's stock, valued at $3,678,283.53. This trade represents a 1.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 15.50% of the company's stock.

About Laird Superfood

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.