Chicago Partners Investment Group LLC purchased a new position in shares of High Tide Inc. (NASDAQ:HITI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 144,442 shares of the company's stock, valued at approximately $451,000. Chicago Partners Investment Group LLC owned about 0.18% of High Tide at the end of the most recent quarter.
Separately, Benin Management CORP raised its holdings in High Tide by 100.0% in the fourth quarter. Benin Management CORP now owns 20,000 shares of the company's stock valued at $62,000 after acquiring an additional 10,000 shares in the last quarter. 4.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Roth Capital raised shares of High Tide to a "strong-buy" rating in a research report on Friday, November 8th.
View Our Latest Stock Report on High Tide
High Tide Stock Down 3.4 %
HITI stock traded down $0.10 during trading on Friday, hitting $2.84. 455,305 shares of the company's stock were exchanged, compared to its average volume of 730,634. The stock has a market capitalization of $229.76 million, a price-to-earnings ratio of -94.67 and a beta of 0.46. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. High Tide Inc. has a 52-week low of $1.57 and a 52-week high of $3.62. The business has a 50-day moving average price of $3.10 and a two-hundred day moving average price of $2.57.
High Tide (NASDAQ:HITI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%.
High Tide Profile
(
Free Report)
High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.
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