Pingtan Marine Enterprise Ltd (PME) CEO Xinrong Zhuo Purchases 86,000 Shares

Pingtan Marine Enterprise Ltd (NASDAQ:PME) CEO Xinrong Zhuo acquired 86,000 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were bought at an average cost of $3.12 per share, with a total value of $268,320.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Xinrong Zhuo also recently made the following trade(s):

  • On Thursday, June 7th, Xinrong Zhuo acquired 100,000 shares of Pingtan Marine Enterprise stock. The shares were bought at an average cost of $3.00 per share, with a total value of $300,000.00.
  • On Tuesday, June 5th, Xinrong Zhuo acquired 100,000 shares of Pingtan Marine Enterprise stock. The shares were bought at an average cost of $3.04 per share, with a total value of $304,000.00.
  • On Thursday, May 31st, Xinrong Zhuo acquired 50,000 shares of Pingtan Marine Enterprise stock. The shares were bought at an average cost of $3.37 per share, with a total value of $168,500.00.
  • On Tuesday, May 29th, Xinrong Zhuo acquired 50,000 shares of Pingtan Marine Enterprise stock. The shares were bought at an average cost of $3.38 per share, with a total value of $169,000.00.
  • On Friday, May 25th, Xinrong Zhuo bought 50,000 shares of Pingtan Marine Enterprise stock. The shares were acquired at an average cost of $3.33 per share, with a total value of $166,500.00.
  • On Thursday, May 17th, Xinrong Zhuo bought 50,000 shares of Pingtan Marine Enterprise stock. The shares were acquired at an average cost of $3.66 per share, with a total value of $183,000.00.
  • On Tuesday, May 15th, Xinrong Zhuo bought 50,000 shares of Pingtan Marine Enterprise stock. The shares were acquired at an average cost of $3.64 per share, with a total value of $182,000.00.

PME opened at $3.17 on Wednesday. The company has a market cap of $250.60 million, a P/E ratio of 10.93 and a beta of 0.91. Pingtan Marine Enterprise Ltd has a 1 year low of $1.99 and a 1 year high of $4.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.69 and a quick ratio of 0.53.

Pingtan Marine Enterprise (NASDAQ:PME) last posted its earnings results on Wednesday, March 14th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $16.39 million during the quarter. Pingtan Marine Enterprise had a net margin of 30.12% and a return on equity of 16.00%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, April 27th.

Separately, BidaskClub raised shares of Pingtan Marine Enterprise from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th.

Pingtan Marine Enterprise Company Profile

Pingtan Marine Enterprise Ltd. engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon fish, croaker fish, pomfret, Spanish mackerel, Reefcod, conger eel, and squid with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans.

Insider Buying and Selling by Quarter for Pingtan Marine Enterprise (NASDAQ:PME)

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