Loop Industries, Inc. (NASDAQ:LOOP) Director Spencer Hart Acquires 21,245 Shares

Loop Industries, Inc. (NASDAQ:LOOP) Director Spencer Hart bought 21,245 shares of Loop Industries stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $1.21 per share, for a total transaction of $25,706.45. Following the acquisition, the director now directly owns 52,015 shares in the company, valued at approximately $62,938.15. This trade represents a 69.04 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Spencer Hart also recently made the following trade(s):

• On Thursday, February 20th, Spencer Hart purchased 55,000 shares of Loop Industries stock. The stock was bought at an average cost of $1.29 per share, for a total transaction of $70,950.00.

Loop Industries Stock Down 2.3 %

Shares of LOOP traded down $0.03 during mid-day trading on Thursday, reaching $1.25. The company had a trading volume of 93,166 shares, compared to its average volume of 95,181. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.11 and a current ratio of 0.12. The firm has a 50-day moving average price of $1.21 and a 200 day moving average price of $1.40. Loop Industries, Inc. has a 52 week low of $0.96 and a 52 week high of $3.45. The company has a market capitalization of $59.53 million, a price-to-earnings ratio of -2.23 and a beta of 1.57.

Loop Industries (NASDAQ:LOOP) last issued its quarterly earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. On average, sell-side analysts forecast that Loop Industries, Inc. will post -0.47 EPS for the current year.

Institutional Trading of Loop Industries

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Loop Industries by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 250,962 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 10,933 shares in the last quarter. Balboa Wealth Partners lifted its position in Loop Industries by 50.5% in the 4th quarter. Balboa Wealth Partners now owns 76,124 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 25,549 shares in the last quarter. 4WEALTH Advisors Inc. bought a new position in Loop Industries in the 4th quarter valued at approximately $60,000. Millennium Management LLC bought a new position in Loop Industries in the 4th quarter valued at approximately $41,000. Finally, Virtu Financial LLC bought a new position in Loop Industries in the 4th quarter valued at approximately $33,000. 4.89% of the stock is owned by institutional investors.

Loop Industries Company Profile

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.