Beeline (NASDAQ:BLNE) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Beeline (NASDAQ:BLNE) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Separately, Wall Street Zen raised shares of Beeline from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th.

Beeline Stock Up 10.6%

NASDAQ:BLNE opened at $1.56 on Wednesday. Beeline has a 1 year low of $0.62 and a 1 year high of $29.80. The firm has a 50 day moving average price of $1.12. The company has a market capitalization of $14.13 million, a PE ratio of -0.04 and a beta of 1.22.

Beeline (NASDAQ:BLNE) last posted its earnings results on Tuesday, May 20th. The company reported ($6.14) earnings per share (EPS) for the quarter. The firm had revenue of $1.83 million for the quarter.

Insider Buying and Selling at Beeline

In related news, CEO Nicholas Reyland Liuzza, Jr. bought 27,304 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was bought at an average cost of $1.17 per share, with a total value of $31,945.68. Following the completion of the purchase, the chief executive officer owned 1,767,048 shares in the company, valued at approximately $2,067,446.16. The trade was a 1.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought 108,314 shares of company stock valued at $109,237 over the last ninety days. Insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Beeline

An institutional investor recently bought a new position in Beeline stock. EMG Holdings L.P. purchased a new position in shares of Beeline Holdings, Inc. (NASDAQ:BLNE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 195,780 shares of the company’s stock, valued at approximately $360,000. Beeline comprises about 0.2% of EMG Holdings L.P.’s holdings, making the stock its 18th largest holding. EMG Holdings L.P. owned 2.35% of Beeline at the end of the most recent quarter. 0.58% of the stock is currently owned by institutional investors.

About Beeline

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.