Castle Brands Inc (NYSE:ROX) was upgraded by TheStreet from a “sell” rating to a “hold” rating in a report released on Monday.
Separately, Zacks Investment Research lowered Castle Brands from a “hold” rating to a “strong sell” rating in a report on Saturday, June 25th.
Shares of Castle Brands (NYSE:ROX) traded down 0.1146% on Monday, reaching $0.8719. The company had a trading volume of 62,564 shares. The firm’s market capitalization is $140.08 million. Castle Brands has a 1-year low of $0.70 and a 1-year high of $1.47. The firm has a 50-day moving average price of $0.87 and a 200 day moving average price of $0.86.
In related news, CEO Richard Lampen purchased 242,300 shares of Castle Brands stock in a transaction dated Wednesday, June 29th. The stock was bought at an average cost of $0.73 per share, for a total transaction of $176,879.00. Following the transaction, the chief executive officer now owns 1,417,520 shares in the company, valued at $1,034,789.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Several large investors have recently bought and sold shares of the stock. Paloma Partners Management Co bought a new stake in Castle Brands during the second quarter worth about $179,000. Bridgeway Capital Management Inc. increased its stake in Castle Brands by 59.4% in the second quarter. Bridgeway Capital Management Inc. now owns 939,187 shares of the company’s stock worth $688,000 after buying an additional 350,000 shares during the last quarter. Geode Capital Management LLC increased its stake in Castle Brands by 1.5% in the first quarter. Geode Capital Management LLC now owns 457,085 shares of the company’s stock worth $429,000 after buying an additional 6,960 shares during the last quarter. Finally, State Street Corp increased its stake in Castle Brands by 7.6% in the first quarter. State Street Corp now owns 492,787 shares of the company’s stock worth $462,000 after buying an additional 34,974 shares during the last quarter.
Castle Brands Company Profile
Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.
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