Paul S. Dickson Sells 239,359 Shares of Vivint Solar Inc (VSLR) Stock

Vivint Solar Inc (NYSE:VSLR) CRO Paul S. Dickson sold 239,359 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $5.80, for a total transaction of $1,388,282.20. Following the transaction, the executive now directly owns 377,161 shares of the company’s stock, valued at approximately $2,187,533.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE VSLR opened at $5.81 on Friday. Vivint Solar Inc has a fifty-two week low of $2.70 and a fifty-two week high of $6.15. The company has a market cap of $689.06 million, a price-to-earnings ratio of -3.68 and a beta of -0.38. The company has a quick ratio of 1.68, a current ratio of 1.58 and a debt-to-equity ratio of 3.23.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, November 6th. The company reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.39). Vivint Solar had a net margin of 61.71% and a negative return on equity of 50.31%. The business had revenue of $77.88 million for the quarter, compared to the consensus estimate of $88.54 million. During the same period in the prior year, the business posted ($0.33) EPS. Vivint Solar’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Vivint Solar Inc will post -2.08 EPS for the current year.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Vivint Solar from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday. Bank of America raised their target price on shares of Vivint Solar from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, JMP Securities raised shares of Vivint Solar from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Vivint Solar presently has a consensus rating of “Buy” and an average target price of $5.50.

Several hedge funds and other institutional investors have recently made changes to their positions in VSLR. JPMorgan Chase & Co. increased its position in shares of Vivint Solar by 402.4% during the first quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock valued at $301,000 after acquiring an additional 66,101 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Vivint Solar during the first quarter valued at approximately $1,969,000. Perella Weinberg Partners Capital Management LP bought a new stake in shares of Vivint Solar during the second quarter valued at approximately $674,000. First Trust Advisors LP increased its position in shares of Vivint Solar by 8.8% during the second quarter. First Trust Advisors LP now owns 118,942 shares of the company’s stock valued at $589,000 after acquiring an additional 9,578 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Vivint Solar by 11.4% during the second quarter. Bank of New York Mellon Corp now owns 401,780 shares of the company’s stock valued at $1,989,000 after acquiring an additional 41,146 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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Vivint Solar Company Profile

Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates.

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