In a recent transaction, James Phillip Holloman, a director at Vestis Corp (OTCMKTS:VSTS), has purchased 20,200 shares of the company's common stock. The acquisition, which took place on May 3, 2024, amounted to a total investment of approximately $200,547.
The shares were bought at a weighted average price of $9.9281, with individual transactions occurring in a price range from $9.905 to $9.96. Following this purchase, Holloman's total ownership in Vestis Corp common stock has increased to 44,132.414 shares.
Vestis Corp, which operates in the wholesale distribution of miscellaneous nondurable goods, has seen its executives actively participating in the company's stock transactions, a sign often monitored by investors. The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission on May 6, 2024.
The company, formerly known as Epic NewCo, Inc., is incorporated in Delaware and has its business headquarters in Roswell, Georgia. This latest move by one of its directors is a noteworthy event for current and potential shareholders, reflecting a direct investment in the company's future by a member of its board.
Investors and stakeholders in Vestis Corp can request detailed information about the exact number of shares purchased at each price point within the reported range by contacting the reporting person or the company.
InvestingPro Insights
Amidst the recent share acquisition by James Phillip Holloman, a director at Vestis Corp, the company's stock has been navigating through turbulent waters. An InvestingPro Tip reveals that the stock has experienced significant price volatility, a factor that investors may want to consider. This characteristic is reflected in the stock's recent performance, as Vestis Corp has taken a notable hit over the last week, with a price total return of -50.03% and extending to -50.78% over the last month.
From a valuation perspective, Vestis Corp is currently trading at a low earnings multiple, with a P/E ratio of 7.68, which may appeal to value-oriented investors looking for potential bargains in the market. Additionally, the company's liquid assets exceed its short-term obligations, as indicated by another InvestingPro Tip, suggesting a stable financial position in terms of liquidity.
On the data front, Vestis Corp's market capitalization stands at $1.24 billion, and despite the stock's recent declines, analysts predict the company will be profitable this year. With the next earnings date set for May 8, 2024, stakeholders have a critical event on the horizon that could provide further insights into the company's financial trajectory. For those interested in more in-depth analysis, there are 12 additional InvestingPro Tips available for Vestis Corp at https://www.investing.com/pro/VSTS, which could further inform investment decisions. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.