Eastside Distilling, Inc. (NASDAQ:BLNE) Director Joseph David Freedman Acquires 6,250 Shares

Eastside Distilling, Inc. (NASDAQ:BLNE) Director Joseph David Freedman bought 6,250 shares of the stock in a transaction on Tuesday, March 18th. The shares were bought at an average cost of $2.84 per share, for a total transaction of $17,750.00. Following the purchase, the director now owns 83,910 shares in the company, valued at $238,304.40. This trade represents a 8.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Eastside Distilling Trading Down 2.1 %

Shares of BLNE stock traded down $0.05 during midday trading on Thursday, reaching $2.38. 325,318 shares of the company were exchanged, compared to its average volume of 65,869. Eastside Distilling, Inc. has a 12 month low of $2.10 and a 12 month high of $29.80. The company has a market capitalization of $14.47 million, a price-to-earnings 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.