Virtu Financial LLC Acquires Shares of 27,910 Loop Industries, Inc. (NASDAQ:LOOP)

Virtu Financial LLC purchased a new position in shares of Loop Industries, Inc. (NASDAQ:LOOP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,910 shares of the financial services provider’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.06% of Loop Industries at the end of the most recent reporting period.

Separately, Geode Capital Management LLC boosted its stake in shares of Loop Industries by 4.6% in the third quarter. Geode Capital Management LLC now owns 250,962 shares of the financial services provider’s stock valued at $462,000 after buying an additional 10,933 shares in the last quarter. Institutional investors own 4.89% of the company’s stock.

Loop Industries Stock Performance

NASDAQ:LOOP opened at $1.10 on Wednesday. Loop Industries, Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $3.05. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.93. The stock has a market cap of $52.38 million, a PE ratio of -1.96 and a beta of 1.57. The firm’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $1.34.

Loop Industries (NASDAQ:LOOP) last released its quarterly earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. Analysts expect that Loop Industries, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Loop Industries

In related news, Director Jay Howard Stubina bought 50,000 shares of Loop Industries stock in a transaction that occurred on Thursday, January 23rd. The shares were purchased at an average price of $1.20 per share, with a total value of $60,000.00. Following the purchase, the director now owns 135,000 shares in the company, valued at $162,000. This represents a 58.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Spencer Hart bought 55,000 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $1.29 per share, for a total transaction of $70,950.00. Following the acquisition, the director now owns 180,216 shares in the company, valued at $232,478.64. The trade was a 43.92 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 156,182 shares of company stock valued at $188,090. Insiders own 49.80% of the company’s stock.

Loop Industries Company Profile

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.