Eastside Distilling, Inc. (NASDAQ:BLNE) Director Purchases $17,750.00 in Stock

Eastside Distilling, Inc. (NASDAQ:BLNE) Director Joseph David Freedman purchased 6,250 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was bought at an average price of $2.84 per share, with a total value of $17,750.00. Following the completion of the purchase, the director now owns 83,910 shares of the company’s stock, valued at approximately $238,304.40. This represents a 8.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Eastside Distilling Price Performance

BLNE stock opened at $1.97 on Friday. Eastside Distilling, Inc. has a one year low of $1.93 and a one year high of $29.80. The firm has a market cap of $11.97 million, a price-to-earnings ratio of -0.53 and a beta of 1.64.

About Eastside Distilling

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.