Insider Buying: Eastside Distilling, Inc. (NASDAQ:BLNE) Director Buys 6,250 Shares of Stock

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

Eastside Distilling Price Performance

Shares of NASDAQ BLNE traded down $0.05 during midday trading on Thursday, reaching $2.38. The company’s stock had a trading volume of 325,318 shares, compared to its average volume of 65,869. Eastside Distilling, Inc. has a one year low of $2.10 and a one year high of $29.80. The company has a market capitalization of $14.47 million, a P/E ratio of -0.64 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.