AdvisorShares Investments LLC Has $358,000 Holdings in Greenlane Holdings, Inc. (NASDAQ:GNLN)

AdvisorShares Investments LLC increased its stake in Greenlane Holdings, Inc. (NASDAQ:GNLNGet Rating) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 639,511 shares of the company’s stock after buying an additional 66,580 shares during the quarter. AdvisorShares Investments LLC’s holdings in Greenlane were worth $358,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Greenlane in the 1st quarter valued at approximately $30,000. Samalin Investment Counsel LLC boosted its holdings in shares of Greenlane by 103.6% in the 4th quarter. Samalin Investment Counsel LLC now owns 49,121 shares of the company’s stock valued at $47,000 after buying an additional 25,000 shares during the last quarter. Wolverine Trading LLC lifted its holdings in Greenlane by 112.3% during the 4th quarter. Wolverine Trading LLC now owns 51,163 shares of the company’s stock valued at $48,000 after purchasing an additional 27,063 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Greenlane during the 4th quarter valued at $78,000. Finally, Merlin Capital LLC acquired a new stake in Greenlane during the 4th quarter valued at $1,925,000. Institutional investors and hedge funds own 14.51% of the company’s stock.

Greenlane Trading Down 14.2 %

Shares of Greenlane stock opened at $0.16 on Friday. The business has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.41. Greenlane Holdings, Inc. has a 1 year low of $0.14 and a 1 year high of $3.19. The company has a quick ratio of 0.65, a current ratio of 1.54 and a debt-to-equity ratio of 0.05.

Greenlane (NASDAQ:GNLNGet Rating) last announced its quarterly earnings results on Tuesday, May 17th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.08). Greenlane had a negative net margin of 23.33% and a negative return on equity of 23.05%. The business had revenue of $46.53 million for the quarter, compared to analyst estimates of $51.39 million. On average, research analysts anticipate that Greenlane Holdings, Inc. will post -0.29 earnings per share for the current year.

About Greenlane

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Greenlane Holdings, Inc develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers and packaging, grinders, and apparel lines, as well as bubblers, rigs, and other smoking and vaporization related accessories and merchandise.

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Institutional Ownership by Quarter for Greenlane (NASDAQ:GNLN)

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