Lazydays Holdings, Inc. (NASDAQ:GORV) Major Shareholder Coliseum Capital Management, L Buys 14,563,106 Shares

Lazydays Holdings, Inc. (NASDAQ:GORV) major shareholder Coliseum Capital Management, L acquired 14,563,106 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $1.03 per share, with a total value of $14,999,999.18. Following the purchase, the insider now owns 21,085,529 shares in the company, valued at $21,718,094.87. The trade was a 223.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Lazydays Trading Up 3.3 %

NASDAQ GORV opened at $0.93 on Thursday. Lazydays Holdings, Inc. has a 12 month low of $0.79 and a 12 month high of $8.15. The company has a current ratio of 0.78, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $13.18 million, a PE ratio of -0.07 and a beta of 2.01. The business’s 50-day moving average price is $1.28 and its two-hundred day moving average price is $2.33.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GORV. CJS Securities reissued a “market perform” rating on shares of Lazydays in a research note on Monday, August 19th. Truist Financial dropped their price target on shares of Lazydays from $4.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, August 19th.

Institutional Trading of Lazydays

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Lazydays during the 2nd quarter worth approximately $36,000. Nantahala Capital Management LLC bought a new position in Lazydays during the second quarter worth $1,270,000. Finally, Dimensional Fund Advisors LP acquired a new position in Lazydays in the second quarter valued at $187,000. 89.67% of the stock is currently owned by institutional investors.

About Lazydays

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.