Insider Buying: Lazydays Holdings, Inc. (NASDAQ:GORV) Major Shareholder Buys 14,563,106 Shares of Stock

Lazydays Holdings, Inc. (NASDAQ:GORV) major shareholder Coliseum Capital Management, L acquired 14,563,106 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $1.03 per share, for a total transaction of $14,999,999.18. Following the completion of the transaction, the insider now directly owns 21,085,529 shares in the company, valued at approximately $21,718,094.87. The trade was a 223.28 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Lazydays Trading Down 20.3 %

Shares of NASDAQ:GORV traded down $0.23 during midday trading on Tuesday, hitting $0.90. The company had a trading volume of 661,074 shares, compared to its average volume of 127,357. Lazydays Holdings, Inc. has a 12 month low of $0.79 and a 12 month high of $8.15. The company has a current ratio of 0.78, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. The stock has a market cap of $12.75 million, a price-to-earnings ratio of -0.07 and a beta of 2.01. The firm has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $2.35.

Wall Street Analyst Weigh In

A number of research analysts have commented on GORV shares. Truist Financial decreased their price objective on Lazydays from $4.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, August 19th. CJS Securities restated a “market perform” rating on shares of Lazydays in a research report on Monday, August 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GORV. Nantahala Capital Management LLC bought a new position in Lazydays during the second quarter worth about $1,270,000. Dimensional Fund Advisors LP bought a new position in Lazydays during the second quarter worth about $187,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Lazydays during the second quarter worth about $36,000. 89.67% of the stock is currently owned by institutional investors.

About Lazydays

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.