Steven Earles Declares Ownership of Stake in Eastside Distilling Inc (ESDI)

Steven Earles stated that they own a 13.5% stake in Eastside Distilling Inc (NASDAQ:ESDI) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, September 28th. The investor owns 12,861,178 shares of the stock worth $1,221,812. The filing is available through the SEC website at this hyperlink.

Eastside Distilling Inc (NASDAQ:ESDI) traded down 5.000% on Wednesday, hitting $0.095. The stock had a trading volume of 123,188 shares. The firm’s market capitalization is $9.06 million. Eastside Distilling Inc has a 1-year low of $0.04 and a 1-year high of $0.50. The company’s 50 day moving average is $0.09 and its 200-day moving average is $0.10.

In other news, Director Lenny Gotter sold 4,000,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $0.03, for a total transaction of $120,000.00. Following the completion of the sale, the director now directly owns 8,150,000 shares of the company’s stock, valued at $244,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Grover T. Wickersham bought 6,961,328 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The shares were acquired at an average cost of $0.05 per share, with a total value of $348,066.40. Following the completion of the transaction, the insider now owns 2,195,088 shares of the company’s stock, valued at $109,754.40. The disclosure for this purchase can be found here.

About Eastside Distilling

Eastside Distilling, Inc (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey.

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