National Beverage Corp. (NASDAQ:FIZZ - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.90 and traded as high as $43.00. National Beverage shares last traded at $42.39, with a volume of 443,921 shares changing hands.
National Beverage Trading Down 0.9%
The stock's fifty day moving average is $44.31 and its 200 day moving average is $42.84. The company has a market capitalization of $3.97 billion, a P/E ratio of 21.30 and a beta of 0.84.
Insiders Place Their Bets
In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the transaction, the director now directly owns 62,408 shares in the company, valued at approximately $2,708,507.20. This represents a 11.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 74.80% of the company's stock.
Institutional Trading of National Beverage
Hedge funds and other institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC grew its position in shares of National Beverage by 102.4% in the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after buying an additional 420 shares during the period. Lazard Asset Management LLC purchased a new stake in National Beverage during the 4th quarter valued at about $52,000. Parallel Advisors LLC grew its position in National Beverage by 307.6% during the 1st quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock valued at $55,000 after purchasing an additional 1,006 shares during the last quarter. Tower Research Capital LLC TRC grew its position in National Beverage by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock valued at $64,000 after purchasing an additional 415 shares during the last quarter. Finally, CWM LLC grew its position in National Beverage by 87.3% during the 1st quarter. CWM LLC now owns 1,549 shares of the company's stock valued at $64,000 after purchasing an additional 722 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.
National Beverage Company Profile
(
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National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.
Further Reading
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