Under Armour (NYSE:UA) Shares Down 3.9% Following Insider Selling

Under Armour, Inc. (NYSE:UA) shares traded down 3.9% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $8.23 and last traded at $8.24. Approximately 414,411 shares were traded during trading, a decline of 87% from the average session volume of 3,282,418 shares. The stock had previously closed at $8.57.

Specifically, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here.

Under Armour Stock Performance

The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -208.00 and a beta of 1.64. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $8.15 and its 200 day simple moving average is $7.33.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently made changes to their positions in UA. BDT Capital Partners LLC raised its stake in Under Armour by 0.3% in the 3rd quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock worth $501,600,000 after purchasing an additional 161,901 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Under Armour by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company’s stock valued at $72,415,000 after buying an additional 795,803 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Under Armour by 14.2% in the second quarter. Victory Capital Management Inc. now owns 6,059,071 shares of the company’s stock valued at $39,566,000 after buying an additional 752,018 shares during the period. WINTON GROUP Ltd acquired a new stake in Under Armour during the second quarter worth approximately $4,579,000. Finally, Profit Investment Management LLC increased its stake in Under Armour by 0.7% during the 2nd quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock worth $3,721,000 after acquiring an additional 4,009 shares during the period. Institutional investors and hedge funds own 36.35% of the company’s stock.

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.