Purple Innovation, Inc. (NASDAQ:PRPL) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 70.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,272 shares of the company’s stock after purchasing an additional 14,548 shares during the quarter. SG Americas Securities LLC’s holdings in Purple Innovation were worth $28,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in Purple Innovation by 42.5% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 58,452 shares of the company’s stock valued at $58,000 after purchasing an additional 17,425 shares in the last quarter. Crumly & Associates Inc. raised its holdings in Purple Innovation by 22.5% in the third quarter. Crumly & Associates Inc. now owns 81,763 shares of the company’s stock valued at $81,000 after buying an additional 15,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in Purple Innovation by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 458,627 shares of the company’s stock valued at $453,000 after acquiring an additional 17,056 shares in the last quarter. Wasatch Advisors LP grew its position in Purple Innovation by 25.0% in the third quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company’s stock valued at $2,768,000 after acquiring an additional 560,407 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Purple Innovation during the third quarter worth approximately $70,000. 88.41% of the stock is owned by institutional investors and hedge funds.

Purple Innovation Stock Performance

PRPL stock opened at $1.04 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 1.30. The stock has a market capitalization of $112.02 million, a price-to-earnings ratio of -1.04 and a beta of 2.16. Purple Innovation, Inc. has a 1 year low of $0.75 and a 1 year high of $2.33. The stock’s fifty day moving average is $0.97 and its two-hundred day moving average is $0.99.

Purple Innovation Company Profile

Purple Innovation, Inc designs and manufactures sleep and other products in the United States and internationally. The company offers mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases, mattress protectors, foundations, blankets, duvets, duvet covers, seat cushions, and pet beds under the Purple brand.