Insider Selling: Under Armour, Inc. (NYSE:UA) Insider Sells $151,022.40 in Stock

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 18th, Mehri Shadman sold 9,639 shares of Under Armour stock. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59.

Under Armour Stock Up 1.3 %

Shares of UA stock opened at $8.43 on Friday. The company has a 50 day simple moving average of $8.18 and a two-hundred day simple moving average of $7.34. The stock has a market cap of $3.65 billion, a P/E ratio of -210.75 and a beta of 1.64. Under Armour, Inc. has a 12 month low of $6.02 and a 12 month high of $10.62. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Institutional Trading of Under Armour

Hedge funds have recently bought and sold shares of the stock. CWM LLC increased its stake in Under Armour by 31.1% in the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after buying an additional 2,995 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of 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 in the last quarter. Summit Financial Strategies Inc. boosted its position in shares of Under Armour by 24.9% during the second quarter. Summit Financial Strategies Inc. now owns 19,415 shares of the company’s stock worth $127,000 after acquiring an additional 3,868 shares during the last quarter. SFG Wealth Management LLC. grew its stake in Under Armour by 20.8% during the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock valued at $194,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Profit Investment Management LLC increased its holdings in Under Armour by 0.7% in the 2nd quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock valued at $3,721,000 after acquiring an additional 4,009 shares during the last quarter. Institutional investors own 36.35% of the company’s stock.

About Under Armour

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.