DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT) Major Shareholder Lp 22Nw Buys 80,971 Shares

DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT) major shareholder Lp 22Nw purchased 80,971 shares of the firm’s stock in a transaction on Monday, October 25th. The stock was bought at an average price of $3.10 per share, with a total value of $251,010.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Lp 22Nw also recently made the following trade(s):

  • On Wednesday, October 27th, Lp 22Nw bought 8,895 shares of DIRTT Environmental Solutions stock. The shares were acquired at an average price of $3.06 per share, with a total value of $27,218.70.
  • On Thursday, August 12th, Lp 22Nw bought 3,657,950 shares of DIRTT Environmental Solutions stock. The shares were acquired at an average price of $3.99 per share, with a total value of $14,595,220.50.
  • On Thursday, August 5th, Lp 22Nw purchased 1,555,610 shares of DIRTT Environmental Solutions stock. The shares were purchased at an average cost of $4.40 per share, with a total value of $6,844,684.00.

DIRTT Environmental Solutions stock opened at $3.07 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.38 and a current ratio of 2.83. DIRTT Environmental Solutions Ltd. has a 52 week low of $1.34 and a 52 week high of $4.95. The stock has a market capitalization of $261.98 million, a P/E ratio of -9.30 and a beta of 2.71. The stock has a fifty day moving average of $3.46 and a 200-day moving average of $3.63.

DIRTT Environmental Solutions (NASDAQ:DRTT) last posted its quarterly earnings results on Wednesday, August 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). DIRTT Environmental Solutions had a negative return on equity of 26.13% and a negative net margin of 17.92%. The business had revenue of $41.10 million for the quarter, compared to analyst estimates of $39.45 million. On average, research analysts forecast that DIRTT Environmental Solutions Ltd. will post -0.46 earnings per share for the current year.

DRTT has been the subject of several analyst reports. National Bankshares lifted their price objective on DIRTT Environmental Solutions from $3.50 to $4.00 and gave the company a “sector perform” rating in a report on Friday, August 6th. Zacks Investment Research raised DIRTT Environmental Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, October 6th. National Bank Financial lifted their price objective on DIRTT Environmental Solutions from $3.50 to $5.00 and gave the company a “sector perform” rating in a report on Friday, August 6th. Finally, Raymond James lifted their price objective on DIRTT Environmental Solutions from $3.75 to $4.75 and gave the company an “outperform” rating in a report on Friday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.51.

A number of hedge funds have recently modified their holdings of the stock. Mak Capital One LLC grew its position in DIRTT Environmental Solutions by 4.1% during the 1st quarter. Mak Capital One LLC now owns 8,637,800 shares of the company’s stock worth $26,691,000 after acquiring an additional 336,600 shares during the last quarter. 22NW LP grew its position in DIRTT Environmental Solutions by 2.7% during the 2nd quarter. 22NW LP now owns 8,465,123 shares of the company’s stock worth $36,188,000 after acquiring an additional 226,444 shares during the last quarter. American Century Companies Inc. grew its position in DIRTT Environmental Solutions by 9.7% during the 2nd quarter. American Century Companies Inc. now owns 3,678,323 shares of the company’s stock worth $15,725,000 after acquiring an additional 326,505 shares during the last quarter. Millrace Asset Group Inc. grew its position in DIRTT Environmental Solutions by 6.3% during the 2nd quarter. Millrace Asset Group Inc. now owns 455,180 shares of the company’s stock worth $1,946,000 after acquiring an additional 27,026 shares during the last quarter. Finally, Nierenberg Investment Management Company Inc. bought a new stake in DIRTT Environmental Solutions during the 1st quarter worth $1,249,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

DIRTT Environmental Solutions Company Profile

DIRTT Environmental Solutions Ltd. engages in the manufacturing of customized interiors. It produces its products by using three dimensional design, configuration and manufacturing software, and in-house manufacturing of its prefabricated interior construction solutions. The firm uses its proprietary ICE software to design, manufacture and install fully customized interior environments.

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Insider Buying and Selling by Quarter for DIRTT Environmental Solutions (NASDAQ:DRTT)

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