Loop Industries, Inc. (NASDAQ:LOOP) Director Spencer Hart Acquires 21,245 Shares

Loop Industries, Inc. (NASDAQ:LOOP) Director Spencer Hart acquired 21,245 shares of Loop Industries stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $1.21 per share, for a total transaction of $25,706.45. Following the completion of the transaction, the director now directly owns 52,015 shares in the company, valued at $62,938.15. This trade represents a 69.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Spencer Hart also recently made the following trade(s):

• On Thursday, February 20th, Spencer Hart bought 55,000 shares of Loop Industries stock. The shares were acquired at an average cost of $1.29 per share, for a total transaction of $70,950.00.

Loop Industries Stock Down 2.3 %

Shares of LOOP opened at $1.25 on Friday. The firm has a fifty day moving average price of $1.21 and a 200-day moving average price of $1.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.12 and a quick ratio of 0.11. Loop Industries, Inc. has a 12-month low of $0.96 and a 12-month high of $3.45.

Loop Industries (NASDAQ:LOOP) last issued its earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. On average, equities analysts expect that Loop Industries, Inc. will post -0.47 EPS for the current year.

Institutional Investors Weigh In On Loop Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in shares of Loop Industries during the fourth quarter valued at about $41,000. 4WEALTH Advisors Inc. purchased a new stake in Loop Industries during the fourth quarter valued at approximately $60,000. CacheTech Inc. purchased a new stake in Loop Industries during the fourth quarter valued at approximately $30,000. Virtu Financial LLC purchased a new position in Loop Industries in the fourth quarter worth $33,000. Finally, Balboa Wealth Partners increased its position in shares of Loop Industries by 50.5% during the fourth quarter. Balboa Wealth Partners now owns 76,124 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 25,549 shares in the last quarter. Institutional investors own 4.89% of the company’s stock.

About Loop Industries

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.