Are New Institutional Investors Embracing New Age Beverages Corporation (NBEV)?

New Age Beverages Corporation (NASDAQ:NBEV) has made a 356.92% comeback from a 12-month low price of $1.3. It was seen 0.85% higher, changing the price to $5.94, when the closing bell rang on 12/14/2018. At recent session, the prices were hovering between $5.36 and $6. This company shares are 17.85% off its target price of $7 and the current market capitalization stands at $428.99M. The recent change has given its price a 18.16% lead over SMA 50 and -40.54% deficit over its 52-week high. The stock witnessed 82.21% gains, 273.58% gains and 214.29% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NBEV’s volatility during a week at 13.73% and during a month it has been found around 14.57%.

New Age Beverages Corporation (NBEV) Top Holders

Institutional investors currently hold around $28 million or 6.7% in NBEV stock. Look at its top three institutional owners. Vanguard Group Inc owns $8.06 million in New Age Beverages Corporation, which represents roughly 1.88% of the company’s market cap and approximately 28.8% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 743,966 shares of the stock are valued at $4.42 million. The third largest holder is Susquehanna International Group, Llp, which currently holds $4.22 million worth of this stock and that ownership represents nearly 0.98% of its market capitalization.

New Age Beverages Corporation 13F Filings

At the end of September reporting period, 45 institutional holders increased their position in New Age Beverages Corporation (NASDAQ:NBEV) by some 3,255,950 shares, 15 decreased positions by 3,366,870 and 2 held positions by -1,933,857. That puts total institutional holdings at 4,688,963 shares, according to SEC filings. The stock grabbed 34 new institutional investments totaling 1,453,007 shares while 12 institutional investors sold out their entire positions totaling 1,459,701 shares.

New Age Beverages Corporation (NASDAQ:NBEV) Insider Trades

Multiple company employees have indulged in significant insider trading. New Age Beverages Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Brennan Ed has acquired 1,195,000 shares of New Age Beverages Corporation (NBEV) in trading session dated Aug. 24, 2018. These shares are worth $1,553,500 and were traded at $1.3 each. The SEC filing shows that Fea Gregory performed a purchase of 39,000 shares. The Director added these shares by way of transaction on Aug. 24, 2018. The company’s shares were assimilated at $1.28 per share worth to an investment of some $49,920 on account of Fea Gregory.

CEO, Willis Brent D, purchased 78,000 common shares of New Age Beverages Corporation (NBEV) in the open market. In a transaction dated Aug. 24, 2018, the shares were bought at an average price of $1.28, giving away a sum of $99,840. After this purchase, 1,928,546 common shares of NBEV are directly owned by the insider, with total stake valued at $11,455,563.

In the transaction dated Aug. 24, 2018, the great number of shares acquired came courtesy the Director; Evans Robert J. added a total of 100,000 shares at an average price of $1.28, amounting to approximately $128,000. The insider now directly owns 162,190 shares worth $963,409.

New Age Beverages Corporation (NBEV) Analyst Guide

Several analysts have released their opinion on New Age Beverages Corporation (NASDAQ:NBEV), with 1 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.