Advisor Group Inc. increased its position in shares of New Age Beverages Corp (NASDAQ:NBEV) by 439.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,785 shares of the company’s stock after purchasing an additional 8,785 shares during the period. Advisor Group Inc.’s holdings in New Age Beverages were worth $56,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NBEV. BlackRock Inc. increased its position in shares of New Age Beverages by 425.7% during the third quarter. BlackRock Inc. now owns 743,966 shares of the company’s stock valued at $3,980,000 after purchasing an additional 602,434 shares during the period. Vanguard Group Inc increased its position in shares of New Age Beverages by 75.6% during the third quarter. Vanguard Group Inc now owns 1,357,536 shares of the company’s stock valued at $7,263,000 after purchasing an additional 584,381 shares during the period. Vanguard Group Inc. increased its position in shares of New Age Beverages by 75.6% during the third quarter. Vanguard Group Inc. now owns 1,357,536 shares of the company’s stock valued at $7,263,000 after purchasing an additional 584,381 shares during the period. Perritt Capital Management Inc. bought a new stake in shares of New Age Beverages during the fourth quarter valued at approximately $1,690,000. Finally, Jane Street Group LLC bought a new stake in shares of New Age Beverages during the third quarter valued at approximately $1,081,000. Institutional investors and hedge funds own 13.29% of the company’s stock.
Shares of NBEV stock opened at $5.25 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. New Age Beverages Corp has a one year low of $1.30 and a one year high of $9.99.
In related news, CEO Brent D. Willis sold 150,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $5.97, for a total value of $895,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 20.00% of the stock is owned by insiders.
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About New Age Beverages
New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages.
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