UBS Group AG (NYSE:UBS), a significant shareholder in Edible Garden AG Inc (OTC:EDBL), has reported a series of stock transactions involving the agriculture company's common stock. According to the latest filings, UBS Group AG engaged in both sales and purchases of Edible Garden AG shares on the market.
The total value of shares sold by UBS Group AG amounted to $163,974, with individual transactions executed at prices ranging from $5.3192 to $6.3 per share. On the buying side, the group invested a total of $6,104 in Edible Garden AG's stock, with purchase prices per share varying between $5.883 and $6.28.
These transactions were conducted over multiple days, with the largest single sale involving 26,335 shares at a price of $5.3192 each, which significantly impacted the total value of the sales. Following the reported transactions, UBS Group AG's ownership in Edible Garden AG has seen some fluctuation but remains substantial.
Investors often monitor such transactions by significant shareholders as they can provide insights into the company's performance and the confidence level of its key investors. UBS Group AG's recent trading activity in Edible Garden AG stock demonstrates active engagement with its investment in the company.
The reported transactions were made public through the required regulatory filing with the Securities and Exchange Commission. UBS Group AG filed the transactions jointly on behalf of UBS Securities LLC and UBS Financial Services Inc., which are wholly owned subsidiaries of the group.
Edible Garden AG Inc, based in Belvidere, New Jersey, specializes in agricultural production and operates within the crops sector. The company's stock is traded over the counter under the ticker symbol EDBL.
InvestingPro Insights
Edible Garden AG Inc (OTC:EDBL) has been navigating challenging waters as evidenced by recent market data. With a market capitalization of just 1.48 million USD, the company is relatively small within the agricultural sector. The revenue growth has been promising, with a 21.62% increase over the last twelve months as of Q4 2023, and an even more impressive quarterly growth of 32.77% in Q4 2023. However, the company's gross profit margin remains low at 5.85%, reflecting potential inefficiencies or competitive pressures in its operations.
The InvestingPro Tips for Edible Garden AG highlight several concerns for investors. The company operates with a significant debt burden and may have trouble making interest payments on its debt, which is a critical factor for potential investors to consider. Additionally, the company's stock has experienced high price volatility and has taken a considerable hit over the last week, month, and three months, with price total returns of -10.56%, -33.99%, and -46.86% respectively.
For those looking to delve deeper into the financial health and future prospects of Edible Garden AG, InvestingPro offers a wealth of additional tips. There are currently 16 more InvestingPro Tips available, which can provide valuable insights into the company's performance and potential investment risks. Interested readers can find these tips at https://www.investing.com/pro/EDBL and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Given the recent transactions by UBS Group AG, these insights may be particularly pertinent for investors seeking to understand the current dynamics and potential future trajectory of Edible Garden AG's stock.
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