Virtu Financial LLC Acquires New Position in Loop Industries, Inc. (NASDAQ:LOOP)

Virtu Financial LLC bought a new position in Loop Industries, Inc. (NASDAQ:LOOP) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 27,910 shares of the financial services provider’s stock, valued at approximately $33,000.

Separately, Balboa Wealth Partners boosted its holdings in shares of Loop Industries by 50.5% during the fourth quarter. Balboa Wealth Partners now owns 76,124 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 25,549 shares during the last quarter. Institutional investors own 4.89% of the company’s stock.

Insider Activity at Loop Industries

In other news, Director Jay Howard Stubina acquired 50,000 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were bought at an average cost of $1.20 per share, for a total transaction of $60,000.00. Following the acquisition, the director now directly owns 135,000 shares in the company, valued at $162,000. This trade represents a 58.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Spencer Hart acquired 55,000 shares of Loop Industries stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of $1.29 per share, for a total transaction of $70,950.00. Following the completion of the purchase, the director now directly owns 180,216 shares in the company, valued at approximately $232,478.64. This represents a 43.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 156,182 shares of company stock worth $188,090. 49.80% of the stock is owned by company insiders.

Loop Industries Price Performance

Shares of NASDAQ:LOOP opened at $1.10 on Wednesday. The company has a market cap of $52.38 million, a P/E ratio of -1.96 and a beta of 1.57. The business has a fifty day simple moving average of $1.20 and a 200-day simple moving average of $1.34. Loop Industries, Inc. has a 52 week low of $0.96 and a 52 week high of $3.05. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.93.

Loop Industries (NASDAQ:LOOP) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.02. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. Equities research analysts forecast that Loop Industries, Inc. will post -0.47 EPS for the current year.

Loop Industries Company Profile

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.