Insider Selling: LMP Automotive Holdings, Inc. (NASDAQ:LMPX) CEO Sells 9,000 Shares of Stock

LMP Automotive Holdings, Inc. (NASDAQ:LMPX – Get Rating) CEO Samer Tawfik sold 9,000 shares of LMP Automotive stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $3.69, for a total transaction of $33,210.00. Following the completion of the transaction, the chief executive officer now owns 920,000 shares in the company, valued at approximately $3,394,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 25th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $3.80, for a total transaction of $34,200.00.
• On Monday, April 18th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $4.13, for a total transaction of $37,170.00.
• 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 transaction 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 transaction of $43,470.00.
• On Monday, March 28th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $4.60, for a total transaction of $41,400.00.
• On Monday, March 21st, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $4.54, for a total transaction 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 transaction 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 transaction of $40,500.00.
• On Monday, February 14th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $6.94, for a total transaction of $62,460.00.
• On Monday, February 7th, Samer Tawfik sold 9,000 shares of LMP Automotive stock. The stock was sold at an average price of $7.12, for a total transaction of $64,080.00.

NASDAQ LMPX opened at $4.32 on Wednesday. LMP Automotive Holdings, Inc. has a twelve month low of $3.35 and a twelve month high of $20.50. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.80 and a current ratio of 1.49. The stock has a market cap of $47.13 million, a price-to-earnings ratio of -4.08 and a beta of 2.05. The firm’s 50 day moving average price is $4.42 and its two-hundred day moving average price is $7.61.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Altium Capital Management LP purchased a new position in LMP Automotive during the 3rd quarter worth approximately $2,102,000. Commonwealth Equity Services LLC grew its holdings in shares of LMP Automotive by 7.8% during the 3rd 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. Millennium Management LLC purchased a new position in shares of LMP Automotive during the 4th quarter valued at $471,000. Renaissance Technologies LLC purchased a new position in shares of LMP Automotive during the 4th quarter valued at $274,000. Finally, Morgan Stanley grew its holdings in shares of LMP Automotive by 39.4% during the 3rd quarter. Morgan Stanley now owns 17,276 shares of the company’s stock valued at $266,000 after acquiring an additional 4,886 shares in the last quarter. Hedge funds and other institutional investors own 15.84% of the company’s stock.

About LMP Automotive (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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