Level Brands (LEVB) Major Shareholder Sells $4,230,668.00 in Stock

Level Brands (NASDAQ:LEVB) major shareholder Erik Sterling sold 1,057,667 shares of Level Brands stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $4.00, for a total transaction of $4,230,668.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

LEVB opened at $6.08 on Friday. Level Brands has a fifty-two week low of $2.54 and a fifty-two week high of $8.48.

Level Brands (NASDAQ:LEVB) last released its earnings results on Thursday, February 14th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $1.25 million for the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Advisor Alliance bought a new stake in Level Brands in the 1st quarter valued at $44,000. K.J. Harrison & Partners Inc bought a new stake in Level Brands in the 4th quarter valued at $89,000. Raymond James & Associates bought a new stake in Level Brands in the 4th quarter valued at $116,000. Geode Capital Management LLC bought a new stake in Level Brands in the 4th quarter valued at $118,000. Finally, Spark Investment Management LLC increased its holdings in Level Brands by 127.8% in the 1st quarter. Spark Investment Management LLC now owns 76,072 shares of the company’s stock valued at $336,000 after acquiring an additional 42,672 shares during the last quarter.

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About Level Brands

Level Brands, Inc operates as a branding and marketing company. It operates through three business segments: Professional Products, Licensing, and Entertainment. The Professional Products segment produces and markets hair care and beauty products. This segment offers silkening shampoo and conditioner under the Flaunt name; spray gel under the Linger; spray on conditioner under the Luxe name; firm hold finishing spray under the Fierce name; all in 1 cleansing and conditioning product under the Lavish name; hair rescue treatment product; blow out styling primer enhanced with marine botanicals under the Sway name; hair spray under the Valor name; thermal protectant under the Fever name; shampoo and conditioner under the Rewind name; and dry shampoo under the Stay Dirty name.

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