Insider Buying: Lazydays Holdings, Inc. (NASDAQ:GORV) Major Shareholder Acquires $14,999,999.18 in Stock

Lazydays Holdings, Inc. (NASDAQ:GORV) major shareholder Coliseum Capital Management, L bought 14,563,106 shares of the company’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $1.03 per share, for a total transaction of $14,999,999.18. Following the completion of the acquisition, the insider now directly owns 21,085,529 shares of the company’s stock, valued at approximately $21,718,094.87. This represents a 223.28 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Lazydays Stock Performance

Shares of GORV opened at $0.95 on Friday. Lazydays Holdings, Inc. has a 12 month low of $0.79 and a 12 month high of $8.15. The business’s fifty day simple moving average is $1.27 and its two-hundred day simple moving average is $2.32. The company has a current ratio of 0.91, a quick ratio of 0.16 and a debt-to-equity ratio of 2.35. The company has a market cap of $13.48 million, a price-to-earnings ratio of -0.07 and a beta of 2.01.

Institutional Investors Weigh In On Lazydays

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Lazydays during the 2nd quarter valued at about $36,000. Nantahala Capital Management LLC bought a new position in Lazydays during the second quarter valued at approximately $1,270,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Lazydays in the second quarter worth approximately $187,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GORV shares. Truist Financial dropped their price target on shares of Lazydays from $4.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, August 19th. CJS Securities reiterated a “market perform” rating on shares of Lazydays in a research note on Monday, August 19th.

Lazydays Company Profile

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.