Vintage Wine Estates (NASDAQ:VWE) Shares Up 6.9%

Vintage Wine Estates, Inc. (NASDAQ:VWE)’s share price traded up 6.9% during trading on Friday . The company traded as high as $0.28 and last traded at $0.26. 177,599 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 174,528 shares. The stock had previously closed at $0.25.

Vintage Wine Estates Stock Up 6.9 %

The business has a 50 day simple moving average of $0.39 and a 200 day simple moving average of $0.49. The company has a market capitalization of $16.44 million, a PE ratio of -0.13 and a beta of 1.13.

Vintage Wine Estates (NASDAQ:VWE) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.75) EPS for the quarter. Vintage Wine Estates had a negative net margin of 44.87% and a negative return on equity of 47.99%. The business had revenue of $67.99 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. EMC Capital Management raised its stake in shares of Vintage Wine Estates by 1,499.5% in the third quarter. EMC Capital Management now owns 57,821 shares of the company’s stock worth $33,000 after purchasing an additional 54,206 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Vintage Wine Estates in the third quarter worth about $38,000. Next Capital Management LLC purchased a new position in shares of Vintage Wine Estates in the third quarter worth about $57,000. MetLife Investment Management LLC purchased a new position in shares of Vintage Wine Estates in the fourth quarter worth about $65,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Vintage Wine Estates by 126.3% in the second quarter. Goldman Sachs Group Inc. now owns 70,504 shares of the company’s stock worth $60,000 after purchasing an additional 39,350 shares during the last quarter. 69.82% of the stock is currently owned by hedge funds and other institutional investors.

Vintage Wine Estates Company Profile

Vintage Wine Estates, Inc produces and sells wines and spirits in the United States, Canada, and internationally. The company offers its products under the brands Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed, Kunde, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.