Under Armour (NYSE:UA) Trading Down 3.9% on Insider Selling

Under Armour, Inc. (NYSE:UA) traded down 3.9% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $8.23 and last traded at $8.24. 414,411 shares traded hands during trading, a decline of 87% from the average session volume of 3,282,418 shares. The stock had previously closed at $8.57.

Specifically, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Under Armour Price Performance

The business’s 50-day simple moving average is $8.15 and its two-hundred day simple moving average is $7.33. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of -208.00 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the company. Peoples Bank KS bought a new position in Under Armour in the third quarter valued at about $59,000. Janney Montgomery Scott LLC acquired a new position in shares of Under Armour in the first quarter valued at approximately $78,000. CWM LLC raised its holdings in Under Armour by 31.1% in the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after buying an additional 2,995 shares during the last quarter. Algert Global LLC acquired a new stake in Under Armour during the 2nd quarter worth approximately $98,000. Finally, Ridgewood Investments LLC bought a new stake in Under Armour during the 2nd quarter worth approximately $112,000. Institutional investors own 36.35% of the company’s stock.

Under Armour Company Profile

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.