Stratos Wealth Partners LTD. Sells 2,525,290 Shares of Purple Innovation, Inc. (NASDAQ:PRPL)

Stratos Wealth Partners LTD. trimmed its stake in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 89.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 296,189 shares of the company’s stock after selling 2,525,290 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Purple Innovation were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Purple Innovation by 42.5% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 58,452 shares of the company’s stock valued at $58,000 after purchasing an additional 17,425 shares in the last quarter. Crumly & Associates Inc. lifted its position in shares of Purple Innovation by 22.5% during the 3rd quarter. Crumly & Associates Inc. now owns 81,763 shares of the company’s stock worth $81,000 after buying an additional 15,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Purple Innovation by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 458,627 shares of the company’s stock valued at $453,000 after buying an additional 17,056 shares in the last quarter. Wasatch Advisors LP grew its position in Purple Innovation by 25.0% in the third quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company’s stock valued at $2,768,000 after acquiring an additional 560,407 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Purple Innovation in the third quarter valued at about $70,000. 88.41% of the stock is currently owned by institutional investors.

Purple Innovation Price Performance

Shares of NASDAQ:PRPL opened at $1.03 on Friday. Purple Innovation, Inc. has a one year low of $0.75 and a one year high of $2.33. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 0.67. The company has a market cap of $110.94 million, a price-to-earnings ratio of -1.03 and a beta of 2.16. The firm has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $1.00.

Purple Innovation Company Profile

Purple Innovation, Inc designs and manufactures sleep and other products in the United States and internationally. The company offers mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases, mattress protectors, foundations, blankets, duvets, duvet covers, seat cushions, and pet beds under the Purple brand.