Veracity Capital LLC acquired a new stake in shares of iSun, Inc. (NASDAQ:ISUN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 550,000 shares of the company’s stock, valued at approximately $7,343,000. iSun comprises about 2.9% of Veracity Capital LLC’s holdings, making the stock its 5th biggest holding. Veracity Capital LLC owned 6.49% of iSun at the end of the most recent quarter.
Separately, FNY Investment Advisers LLC purchased a new stake in shares of iSun during the first quarter worth about $2,749,000.
Shares of iSun stock remained flat at $$13.20 during trading on Monday. 4,154 shares of the stock were exchanged, compared to its average volume of 1,327,580. The company has a 50-day moving average of $14.15. iSun, Inc. has a one year low of $1.90 and a one year high of $32.24.
iSun (NASDAQ:ISUN) last posted its earnings results on Monday, March 15th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.18. The firm had revenue of $9.33 million for the quarter, compared to analysts’ expectations of $5.71 million.
In other iSun news, CEO Jeffrey Peck sold 13,807 shares of the firm’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $15.12, for a total value of $208,761.84. Following the completion of the sale, the chief executive officer now directly owns 1,361,497 shares in the company, valued at $20,585,834.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Frederick Myrick, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $13.79, for a total transaction of $344,750.00. The disclosure for this sale can be found here. Insiders sold 153,999 shares of company stock valued at $2,410,191 over the last 90 days.
Separately, TheStreet upgraded shares of iSun from a “d” rating to a “c-” rating in a report on Monday, March 15th.
iSun Company Profile
iSun, Inc operates as a solar engineering, construction, and procurement contractor for commercial and industrial customers in the Northeastern United States. It also provides electrical contracting services; and data and communication services. The company was formerly known as The Peck Company Holdings, Inc and changed its name to iSun, Inc in January 2021.
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