Hillsdale Investment Management Inc. boosted its stake in shares of High Tide Inc. (NASDAQ:HITI - Free Report) by 755.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,288 shares of the company's stock after acquiring an additional 212,197 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.30% of High Tide worth $738,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in HITI. Jane Street Group LLC raised its stake in shares of High Tide by 58.8% during the third quarter. Jane Street Group LLC now owns 35,252 shares of the company's stock worth $72,000 after purchasing an additional 13,052 shares during the last quarter. Benin Management CORP increased its stake in High Tide by 100.0% in the 4th quarter. Benin Management CORP now owns 20,000 shares of the company's stock valued at $62,000 after buying an additional 10,000 shares during the period. Chicago Partners Investment Group LLC purchased a new position in High Tide during the 4th quarter worth $451,000. SBI Securities Co. Ltd. purchased a new position in High Tide during the 4th quarter worth $146,000. Finally, Northwest & Ethical Investments L.P. lifted its stake in shares of High Tide by 1,026.2% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company's stock worth $69,000 after acquiring an additional 20,391 shares during the period. 4.52% of the stock is owned by institutional investors and hedge funds.
High Tide Stock Performance
Shares of High Tide stock traded down $0.03 on Thursday, reaching $2.05. 287,611 shares of the stock were exchanged, compared to its average volume of 684,349. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $165.92 million, a PE ratio of -68.33 and a beta of 0.48. High Tide Inc. has a 1-year low of $1.57 and a 1-year high of $3.62. The business has a fifty day moving average price of $2.58 and a two-hundred day moving average price of $2.69.
High Tide (NASDAQ:HITI - Get Free Report) last released its earnings results on Friday, March 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $100.25 million for the quarter, compared to analyst estimates of $138.83 million. High Tide had a negative return on equity of 2.93% and a negative net margin of 0.81%. As a group, research analysts anticipate that High Tide Inc. will post -0.04 earnings per share for the current fiscal year.
High Tide Company 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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