Under Armour, Inc. (NYSE:UA) Insider Sells $151,022.40 in Stock

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mehri Shadman also recently made the following trade(s):

• On Monday, November 18th, Mehri Shadman sold 9,639 shares of Under Armour stock. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59.

Under Armour Price Performance

Shares of UA stock opened at $8.32 on Thursday. The firm has a fifty day simple moving average of $8.15 and a 200-day simple moving average of $7.33. Under Armour, Inc. has a twelve month low of $6.02 and a twelve month high of $10.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UA. Peoples Bank KS purchased a new stake in Under Armour during the 3rd quarter worth approximately $59,000. Janney Montgomery Scott LLC acquired a new stake in shares of Under Armour in the 1st quarter valued at about $78,000. CWM LLC lifted its position in shares of Under Armour by 31.1% during the second quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after purchasing an additional 2,995 shares during the last quarter. Algert Global LLC acquired a new position in Under Armour in the second quarter worth about $98,000. Finally, Ridgewood Investments LLC bought a new stake in Under Armour in the second quarter valued at about $112,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.