Citadel Advisors LLC Takes $48,000 Position in Eastside Distilling Inc (NASDAQ:EAST)

Citadel Advisors LLC bought a new position in Eastside Distilling Inc (NASDAQ:EAST) in the second quarter, according to its most recent filing with the SEC. The firm bought 10,563 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Wilshire Securities Management Inc. acquired a new stake in Eastside Distilling in the 2nd quarter worth approximately $45,000. Connors Investor Services Inc. boosted its stake in Eastside Distilling by 10.4% in the 2nd quarter. Connors Investor Services Inc. now owns 62,436 shares of the company’s stock worth $281,000 after purchasing an additional 5,900 shares in the last quarter. BlackRock Inc. boosted its stake in Eastside Distilling by 27.4% in the 2nd quarter. BlackRock Inc. now owns 22,344 shares of the company’s stock worth $101,000 after purchasing an additional 4,810 shares in the last quarter. Finally, ARS Investment Partners LLC boosted its stake in Eastside Distilling by 52.2% in the 2nd quarter. ARS Investment Partners LLC now owns 587,361 shares of the company’s stock worth $2,643,000 after purchasing an additional 201,359 shares in the last quarter. Institutional investors own 33.57% of the company’s stock.

Separately, ValuEngine upgraded shares of Eastside Distilling from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

EAST stock opened at $4.88 on Friday. The firm has a 50 day moving average of $4.89 and a 200 day moving average of $4.91. The stock has a market capitalization of $44.71 million, a PE ratio of -3.28 and a beta of 0.42. The company has a quick ratio of 1.10, a current ratio of 4.67 and a debt-to-equity ratio of 0.23. Eastside Distilling Inc has a 52 week low of $3.32 and a 52 week high of $8.74.

Eastside Distilling (NASDAQ:EAST) last released its earnings results on Wednesday, August 14th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.12). The company had revenue of $3.90 million during the quarter, compared to analyst estimates of $4.26 million. Eastside Distilling had a negative return on equity of 72.28% and a negative net margin of 108.78%. On average, equities research analysts expect that Eastside Distilling Inc will post -1.08 earnings per share for the current year.

Eastside Distilling Company Profile

Eastside Distilling, Inc develops, manufactures, produces, and markets hand-crafted spirits in the United States. The company offers bourbon under the Burnside West End Blend, Burnside Oregon Oaked Bourbon, and Burnside Goose Hollow RSV Bourbon brand names; premium whiskey under the Barrel Hitch American Whiskey brand names; distinctive whiskey under the Cherry Bomb Whiskey and Marionberry Whiskey brand names; rum under the Below Deck Silver Rum, Below Deck Spiced Rum, Below Deck Coffee Rum, and Below Deck Ginger Rum brand names; and vodka under the Portland Potato Vodka brand name.

See Also: What is meant by holder of record?

Want to see what other hedge funds are holding EAST? Visit to get the latest 13F filings and insider trades for Eastside Distilling Inc (NASDAQ:EAST).

Institutional Ownership by Quarter for Eastside Distilling (NASDAQ:EAST)

Receive News & Ratings for Eastside Distilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastside Distilling and related companies with's FREE daily email newsletter.