Insider Buying: Laird Superfood, Inc. (NYSEAMERICAN:LSF) CEO Purchases 10,000 Shares of Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) CEO Jason D. Vieth acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $5.37 per share, for a total transaction of $53,700.00. Following the purchase, the chief executive officer now directly owns 684,969 shares of the company's stock, valued at approximately $3,678,283.53. This trade represents a 1.48 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Laird Superfood Price Performance

Shares of LSF traded down $0.54 during mid-day trading on Monday, hitting $5.22. The company's stock had a trading volume of 107,786 shares, compared to its average volume of 250,916. The stock has a market capitalization of $53.71 million, a P/E ratio of -37.28 and a beta of 2.27. Laird Superfood, Inc. has a fifty-two week low of $0.78 and a fifty-two week high of $10.90.

Hedge Funds Weigh In On Laird Superfood

A number of hedge funds have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of Laird Superfood during the 4th quarter worth about $1,422,000. Manatuck Hill Partners LLC bought a new stake in shares of Laird Superfood during the fourth quarter worth $670,000. Walleye Capital LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at about $471,000. Renaissance Technologies LLC raised its position in shares of Laird Superfood by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 313,800 shares of the company's stock valued at $2,473,000 after acquiring an additional 52,300 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Laird Superfood in the fourth quarter valued at about $234,000. 8.56% of the stock is currently owned by institutional investors and hedge funds.

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About Laird Superfood

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.