Insider Selling: TPI Composites Inc (TPIC) Director Sells 44,421 Shares of Stock

TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 44,421 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $30.73, for a total transaction of $1,365,057.33. Following the sale, the director now directly owns 6,620 shares of the company’s stock, valued at $203,432.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Michael Lawrence Derosa also recently made the following trade(s):

  • On Monday, February 4th, Michael Lawrence Derosa sold 36,470 shares of TPI Composites stock. The shares were sold at an average price of $30.88, for a total transaction of $1,126,193.60.
  • On Wednesday, February 6th, Michael Lawrence Derosa sold 87,228 shares of TPI Composites stock. The shares were sold at an average price of $30.92, for a total transaction of $2,697,089.76.
  • On Monday, January 28th, Michael Lawrence Derosa sold 35,864 shares of TPI Composites stock. The stock was sold at an average price of $28.96, for a total transaction of $1,038,621.44.
  • On Tuesday, January 22nd, Michael Lawrence Derosa sold 33,882 shares of TPI Composites stock. The stock was sold at an average price of $28.91, for a total transaction of $979,528.62.
  • On Monday, January 14th, Michael Lawrence Derosa sold 49,761 shares of TPI Composites stock. The stock was sold at an average price of $29.43, for a total transaction of $1,464,466.23.
  • On Wednesday, January 16th, Michael Lawrence Derosa sold 170,625 shares of TPI Composites stock. The stock was sold at an average price of $29.36, for a total transaction of $5,009,550.00.
  • On Wednesday, December 19th, Michael Lawrence Derosa sold 29,377 shares of TPI Composites stock. The stock was sold at an average price of $23.80, for a total transaction of $699,172.60.
  • On Monday, December 17th, Michael Lawrence Derosa sold 59,633 shares of TPI Composites stock. The stock was sold at an average price of $24.94, for a total transaction of $1,487,247.02.
  • On Monday, December 10th, Michael Lawrence Derosa sold 19,853 shares of TPI Composites stock. The stock was sold at an average price of $26.10, for a total transaction of $518,163.30.
  • On Thursday, December 6th, Michael Lawrence Derosa sold 30,903 shares of TPI Composites stock. The stock was sold at an average price of $26.49, for a total transaction of $818,620.47.

NASDAQ TPIC opened at $31.49 on Thursday. TPI Composites Inc has a one year low of $18.52 and a one year high of $32.22. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.05 billion, a PE ratio of 25.19 and a beta of 0.92.

Several hedge funds and other institutional investors have recently bought and sold shares of TPIC. Oppenheimer Asset Management Inc. acquired a new position in shares of TPI Composites in the 4th quarter valued at about $60,000. Great West Life Assurance Co. Can acquired a new position in shares of TPI Composites in the 4th quarter valued at about $64,000. NumerixS Investment Technologies Inc acquired a new position in shares of TPI Composites in the 4th quarter valued at about $78,000. Pearl River Capital LLC acquired a new position in shares of TPI Composites in the 4th quarter valued at about $113,000. Finally, First Quadrant L P CA boosted its holdings in shares of TPI Composites by 155.0% in the 3rd quarter. First Quadrant L P CA now owns 4,852 shares of the industrial products company’s stock valued at $139,000 after buying an additional 2,949 shares during the period. 62.92% of the stock is owned by institutional investors and hedge funds.

TPIC has been the subject of several recent analyst reports. TheStreet raised shares of TPI Composites from a “c” rating to a “b” rating in a report on Monday, November 26th. ValuEngine raised shares of TPI Composites from a “hold” rating to a “buy” rating in a report on Monday, November 12th. UBS Group set a $30.00 price objective on shares of TPI Composites and gave the stock a “buy” rating in a report on Friday, November 9th. Cowen set a $33.00 price objective on shares of TPI Composites and gave the stock a “buy” rating in a report on Thursday, November 8th. Finally, JMP Securities set a $39.00 price objective on shares of TPI Composites and gave the stock a “buy” rating in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. TPI Composites presently has a consensus rating of “Buy” and a consensus target price of $37.36.

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About TPI Composites

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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