Kieckhefer Group LLC Purchases New Position in Unusual Machines, Inc. (NYSEAMERICAN:UMAC)

Kieckhefer Group LLC acquired a new stake in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,400 shares of the company’s stock, valued at approximately $242,000.

Separately, Rathbones Group PLC bought a new position in shares of Unusual Machines in the second quarter valued at about $55,000.

Insider Buying and Selling at Unusual Machines

In related news, Director Jeffrey M. Thompson sold 40,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $12.65, for a total transaction of $506,000.00. Following the sale, the director now owns 325,984 shares of the company’s stock, valued at approximately $4,123,697.60. This trade represents a 10.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Allan Thomas Evans bought 65,789 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of $1.52 per share, with a total value of $99,999.28. Following the completion of the purchase, the chief executive officer now owns 90,789 shares of the company’s stock, valued at approximately $137,999.28. This trade represents a 263.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 22.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on shares of Unusual Machines in a research note on Wednesday, December 18th. They issued a “buy” rating and a $18.00 target price for the company.

Unusual Machines Trading Down 15.2 %

Shares of NYSEAMERICAN UMAC traded down $1.97 during mid-day trading on Monday, hitting $11.03. The company’s stock had a trading volume of 1,003,169 shares, compared to its average volume of 2,271,570. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 0.16. Unusual Machines, Inc. has a one year low of $0.98 and a one year high of $23.62.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.