Blue Star Foods (OTCMKTS:BSFC) Stock Price Down 1.3%

Blue Star Foods Corp. (OTCMKTS:BSFCGet Rating)’s stock price traded down 1.3% during trading on Thursday . The stock traded as low as $0.77 and last traded at $0.78. 2,780 shares changed hands during trading, a decline of 90% from the average session volume of 27,185 shares. The stock had previously closed at $0.79.

Analysts Set New Price Targets

Separately, Roth Capital assumed coverage on Blue Star Foods in a research note on Thursday, November 3rd. They set a “buy” rating and a $3.00 price target on the stock.

Blue Star Foods Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.45 and a current ratio of 1.06. The company has a 50-day moving average of $0.88 and a 200-day moving average of $1.14.

Insider Buying and Selling

In related news, CEO John R. Keeler sold 40,000 shares of Blue Star Foods stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $1.12, for a total transaction of $44,800.00. Following the completion of the transaction, the chief executive officer now directly owns 14,969,583 shares in the company, valued at approximately $16,765,932.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 6,199 shares of company stock worth $5,906 in the last ninety days. Insiders own 62.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Scotia Capital Inc. acquired a new position in Blue Star Foods in the 1st quarter valued at $1,926,000. Vanguard Group Inc. raised its holdings in Blue Star Foods by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 88,990 shares of the company’s stock valued at $56,000 after acquiring an additional 19,289 shares during the last quarter. State Street Corp acquired a new position in Blue Star Foods in the 1st quarter valued at $45,000. Sequoia Financial Advisors LLC acquired a new position in Blue Star Foods in the 1st quarter valued at $39,000. Finally, Virtu Financial LLC acquired a new position in Blue Star Foods in the 1st quarter valued at $38,000. 4.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Star Foods Company Profile

(Get Rating)

Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized various crab meats sourced primarily from Southeast Asia; and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands.

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