Insider Selling: Under Armour, Inc. (NYSE:UA) Insider Sells $84,919.59 in Stock

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, November 15th, Mehri Shadman sold 17,240 shares of Under Armour stock. The shares were sold at an average price of $8.76, for a total value of $151,022.40.

Under Armour Stock Up 1.3 %

Shares of Under Armour stock opened at $8.43 on Friday. Under Armour, Inc. has a 1 year low of $6.02 and a 1 year high of $10.62. The company has a market cap of $3.65 billion, a P/E ratio of -210.75 and a beta of 1.64. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $8.18 and a 200 day moving average price of $7.34.

Institutional Trading of Under Armour

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC raised its holdings 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 acquiring an additional 2,995 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in Under Armour by 16.2% in the second quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company’s stock worth $168,000 after buying an additional 3,582 shares during the last quarter. Summit Financial Strategies Inc. increased its holdings in Under Armour by 24.9% in the second quarter. Summit Financial Strategies Inc. now owns 19,415 shares of the company’s stock worth $127,000 after buying an additional 3,868 shares during the last quarter. SFG Wealth Management LLC. grew its position in Under Armour by 20.8% in the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock worth $194,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Profit Investment Management LLC increased its position in Under Armour by 0.7% during the second quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock worth $3,721,000 after buying an additional 4,009 shares during the last quarter. 36.35% of the stock is owned by hedge funds and other institutional investors.

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.