Lazydays Holdings, Inc. (NASDAQ:GORV - Get Free Report) major shareholder Coliseum Capital Management, L bought 14,563,106 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $1.03 per share, with a total value of $14,999,999.18. Following the completion of the purchase, the insider now owns 21,085,529 shares of the company's stock, valued at approximately $21,718,094.87. The trade was a 223.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Lazydays Stock Performance
Lazydays stock opened at $0.90 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.78 and a quick ratio of 0.16. The company has a market cap of $12.75 million, a P/E ratio of -0.07 and a beta of 2.01. Lazydays Holdings, Inc. has a fifty-two week low of $0.79 and a fifty-two week high of $8.15. The firm's 50 day simple moving average is $1.29 and its 200-day simple moving average is $2.35.
Institutional Trading of Lazydays
Several large investors have recently added to or reduced their stakes in GORV. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lazydays in the second quarter worth $36,000. Dimensional Fund Advisors LP purchased a new stake in Lazydays in the 2nd quarter worth about $187,000. Finally, Nantahala Capital Management LLC purchased a new stake in Lazydays in the 2nd quarter worth about $1,270,000. 89.67% of the stock is owned by institutional investors and hedge funds.
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GORV has been the subject of several research reports. Truist Financial reduced their price objective on Lazydays from $4.00 to $2.00 and set a "hold" rating for the company in a research note on Monday, August 19th. CJS Securities reiterated a "market perform" rating on shares of Lazydays in a research report on Monday, August 19th.
Get Our Latest Stock Report on GORV
Lazydays Company Profile
(
Get Free Report)
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.
Further Reading
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