Local Bounti Co. (NYSE:LOCL) Director Purchases $141,726.00 in Stock

Local Bounti Co. (NYSE:LOCL) Director Charles R. Jr. Schwab acquired 70,863 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of $2.00 per share, with a total value of $141,726.00. Following the completion of the transaction, the director now owns 70,863 shares in the company, valued at approximately $141,726. This represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Local Bounti Trading Up 8.8 %

NYSE LOCL traded up $0.17 during trading hours on Wednesday, hitting $2.10. The company’s stock had a trading volume of 19,313 shares, compared to its average volume of 11,096. The company’s 50-day simple moving average is $2.19 and its two-hundred day simple moving average is $2.18. Local Bounti Co. has a 52 week low of $1.18 and a 52 week high of $3.33. The company has a market capitalization of $18.18 million, a PE ratio of -0.12 and a beta of 2.20.

Local Bounti (NYSE:LOCL) last posted its quarterly earnings data on Monday, March 31st. The company reported ($4.21) EPS for the quarter, missing the consensus estimate of ($3.89) by ($0.32). Local Bounti had a negative net margin of 427.08% and a negative return on equity of 1,095.76%. The firm had revenue of $10.07 million during the quarter, compared to analysts’ expectations of $10.95 million. During the same quarter in the previous year, the company posted ($8.10) EPS. Research analysts anticipate that Local Bounti Co. will post -13.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Local Bounti

An institutional investor recently bought a new position in Local Bounti stock. Walleye Trading LLC purchased a new stake in shares of Local Bounti Co. (NYSE:LOCL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,001 shares of the company’s stock, valued at approximately $50,000. Walleye Trading LLC owned about 0.28% of Local Bounti at the end of the most recent reporting period. Hedge funds and other institutional investors own 28.01% of the company’s stock.

Local Bounti Company Profile

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.