LMP Automotive Holdings, Inc. (NASDAQ:LMPX) CEO Samer Tawfik Sells 9,000 Shares

LMP Automotive Holdings, Inc. (NASDAQ:LMPXGet Rating) CEO Samer Tawfik sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $4.13, for a total value of $37,170.00. Following the sale, the chief executive officer now owns 938,000 shares in the company, valued at $3,873,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Samer Tawfik also recently made the following trade(s):

  • On Monday, April 11th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $4.59, for a total value of $41,310.00.
  • On Monday, April 4th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $4.83, for a total value of $43,470.00.
  • On Monday, March 28th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The shares were sold at an average price of $4.60, for a total value of $41,400.00.
  • On Monday, March 21st, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The shares were sold at an average price of $4.54, for a total value of $40,860.00.
  • On Monday, March 14th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $3.83, for a total value of $34,470.00.
  • On Monday, February 28th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $4.50, for a total value of $40,500.00.
  • On Monday, February 14th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The shares were sold at an average price of $6.94, for a total value of $62,460.00.
  • On Monday, February 7th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The shares were sold at an average price of $7.12, for a total value of $64,080.00.
  • On Monday, January 31st, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The shares were sold at an average price of $7.57, for a total value of $68,130.00.
  • On Monday, January 24th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $6.41, for a total value of $57,690.00.

Shares of LMP Automotive stock opened at $4.02 on Tuesday. The stock has a market cap of $43.85 million, a P/E ratio of -3.79 and a beta of 1.97. The stock’s 50 day simple moving average is $4.83 and its 200-day simple moving average is $8.37. LMP Automotive Holdings, Inc. has a 1-year low of $3.35 and a 1-year high of $20.50. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.49 and a quick ratio of 0.80.

Hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of LMP Automotive by 13.0% during the first quarter. Morgan Stanley now owns 15,290 shares of the company’s stock worth $254,000 after acquiring an additional 1,760 shares during the period. Commonwealth Equity Services LLC boosted its stake in LMP Automotive by 7.8% in the third quarter. Commonwealth Equity Services LLC now owns 16,630 shares of the company’s stock valued at $255,000 after acquiring an additional 1,200 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in LMP Automotive by 33.5% in the third quarter. Advisor Group Holdings Inc. now owns 3,299 shares of the company’s stock valued at $51,000 after acquiring an additional 827 shares in the last quarter. Opal Wealth Advisors LLC raised its holdings in shares of LMP Automotive by 196.2% in the third quarter. Opal Wealth Advisors LLC now owns 103,686 shares of the company’s stock valued at $1,596,000 after buying an additional 68,686 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of LMP Automotive by 10.6% in the third quarter. BlackRock Inc. now owns 145,137 shares of the company’s stock valued at $2,234,000 after buying an additional 13,863 shares during the last quarter. 13.93% of the stock is currently owned by hedge funds and other institutional investors.

LMP Automotive Company Profile (Get Rating)

LMP Automotive Holdings, Inc, through its subsidiaries, buys, sells, rents and subscribes for, and obtains financing for automobiles online and in person in the United States. It primarily buys pre-owned automobiles primarily through auctions or directly from other automobile dealers, as well as new automobiles from manufacturers and manufacturer distributors at fleet rates.

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