Marshall Wace North America L.P. Makes New $475,000 Investment in Vintage Wine Estates, Inc. (NASDAQ:VWE)

Marshall Wace North America L.P. bought a new position in shares of Vintage Wine Estates, Inc. (NASDAQ:VWE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 39,536 shares of the company’s stock, valued at approximately $475,000.

A number of other institutional investors have also added to or reduced their stakes in VWE. Nkcfo LLC acquired a new stake in Vintage Wine Estates during the 2nd quarter worth approximately $408,000. GWM Advisors LLC acquired a new stake in shares of Vintage Wine Estates in the 2nd quarter valued at $121,000. Advisor Group Holdings Inc. acquired a new stake in shares of Vintage Wine Estates in the 2nd quarter valued at $41,000. K.J. Harrison & Partners Inc acquired a new stake in shares of Vintage Wine Estates in the 2nd quarter valued at $1,355,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Vintage Wine Estates in the 2nd quarter valued at $161,000.

NASDAQ VWE opened at 11.28 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of 10.48. Vintage Wine Estates, Inc. has a 12 month low of 8.88 and a 12 month high of 13.48.

Vintage Wine Estates (NASDAQ:VWE) last issued its quarterly earnings data on Monday, November 15th. The company reported 0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of 0.14 by -0.09. On average, research analysts forecast that Vintage Wine Estates, Inc. will post 0.46 EPS for the current fiscal year.

In other news, Director Timothy D. Proctor bought 10,000 shares of the stock in a transaction dated Friday, November 19th. The shares were acquired at an average price of 11.05 per share, with a total value of 110,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick A. Roney bought 100,000 shares of the stock in a transaction dated Thursday, November 18th. The stock was purchased at an average cost of 11.03 per share, for a total transaction of 1,103,000.00. The disclosure for this purchase can be found here.

VWE has been the topic of a number of analyst reports. Canaccord Genuity reduced their price objective on shares of Vintage Wine Estates from $17.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, September 30th. Zacks Investment Research lowered shares of Vintage Wine Estates from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup reduced their price objective on shares of Vintage Wine Estates from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, September 30th. Finally, Telsey Advisory Group reduced their price objective on shares of Vintage Wine Estates from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, September 30th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of 14.25.

Vintage Wine Estates Company Profile

Vintage Wine Estates, Inc produces wine. It offers products through other retail stores. The company was founded in 2007 and is based in Santa Rosa, California.

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Institutional Ownership by Quarter for Vintage Wine Estates (NASDAQ:VWE)

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