Synergy CHC Corp. CEO Ross Jack buys $59,521 in common stock

Published 03/03/2025, 15:28
Synergy CHC Corp. CEO Ross Jack buys $59,521 in common stock

Ross Jack, the CEO and Chairman of Synergy CHC Corp. (OTC:SNYR), has recently made several purchases of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Jack acquired a total of 14,400 shares across multiple transactions from January 23 to February 21, 2025. The shares were bought at prices ranging from $3.41 to $4.35 per share, totaling an investment of $59,521. The purchases come as the company, currently valued at $33.42 million, trades at an attractive P/E ratio of 9.6 and maintains impressive gross profit margins of 74%.

These transactions have increased Jack’s direct ownership to 346,877 shares. Additionally, he holds indirect ownership through entities such as Rosscor Brands Corp., Gowan Private Equity Inc., Dunhill Distribution Group, Inc., and Gowan Capital Inc., with a combined total of several million shares. The insider buying comes amid a remarkable year for SNYR, with the stock delivering a 3,126% return over the past twelve months. InvestingPro analysis reveals 13 additional key insights about SNYR’s financial health and market position.

The purchases follow a previous Form 4 filing, indicating a continuation of Jack’s investment in the company. Currently trading at $3.84, the stock sits well above its 52-week low of $0.12 but remains significantly below its peak of $10.00.

In other recent news, Synergy CHC Corp announced a significant change in its executive team with the appointment of a new interim Chief Financial Officer. Stacy Bieber, the previous CFO, resigned effective December 6, 2024. Following her departure, the Board of Directors appointed Jaime Fickett as the interim CFO. Ms. Fickett has been with Synergy CHC since January 2015, serving as the Senior Vice President of Finance and Operations. Her experience includes a previous role as CFO at Factor Nutrition Labs, LLC, and a background in public accounting. The company filed these executive changes with the Securities and Exchange Commission on December 6, 2024. Synergy CHC is focused on ensuring a smooth transition in its financial leadership under Ms. Fickett’s guidance.

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