Insider Buying: Eastside Distilling, Inc. (NASDAQ:BLNE) Director Buys 6,250 Shares of Stock

Eastside Distilling, Inc. (NASDAQ:BLNE) Director Joseph David Freedman acquired 6,250 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of $2.84 per share, with a total value of $17,750.00. Following the completion of the transaction, the director now owns 83,910 shares of the company’s stock, valued at approximately $238,304.40. This trade represents a 8.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Eastside Distilling Price Performance

Shares of BLNE stock opened at $1.97 on Friday. The stock has a market capitalization of $11.97 million, a P/E ratio of -0.53 and a beta of 1.64. Eastside Distilling, Inc. has a 12 month low of $1.93 and a 12 month high of $29.80.

About Eastside Distilling

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.