Today: Heartland Advisors Inc. Raises its position in Flamel Technologies SA (FLML) as a favorable investment target.

Today: Heartland Advisors Inc. Raises its position in Flamel Technologies SA (FLML) as a favorable investment target.

Heartland Advisors Inc. raised its position in Flamel Technologies SA (NASDAQ:FLML) by 10.8% during the third quarter, Holdings Channel reports. The institutional investor owned 400,000 shares of the company’s stock after buying an additional 38,955 shares during the period. Heartland Advisors Inc.’s holdings in Flamel Technologies SA were worth $4,960,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Flamel Technologies SA by 240.2% in the second quarter. Acadian Asset Management LLC now owns 1,617,223 shares of the company’s stock worth $17,372,000 after buying an additional 1,141,783 shares in the last quarter. Smith Asset Management Group LP acquired a new position in shares of Flamel Technologies SA during the second quarter worth about $320,000. Falcon Point Capital LLC boosted its position in shares of Flamel Technologies SA by 1.1% in the second quarter. Falcon Point Capital LLC now owns 1,015,841 shares of the company’s stock worth $10,910,000 after buying an additional 10,973 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Flamel Technologies SA during the second quarter worth about $261,000. Finally, Columbus Circle Investors boosted its position in shares of Flamel Technologies SA by 106.9% in the second quarter. Columbus Circle Investors now owns 62,813 shares of the company’s stock worth $675,000 after buying an additional 32,458 shares in the last quarter. 70.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Flamel Technologies SA (NASDAQ:FLML) traded down 0.92% during midday trading on Monday, hitting $10.80. 15,448 shares of the company’s stock traded hands. Flamel Technologies SA has a 1-year low of $7.56 and a 1-year high of $15.54. The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.

Flamel Technologies SA (NASDAQ:FLML) last issued its earnings results on Monday, November 7th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.13. Flamel Technologies SA had a net margin of 18.25% and a return on equity of 19.35%. The business had revenue of $32.10 million for the quarter, compared to analyst estimates of $30.70 million. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue was down 32.1% on a year-over-year basis. Equities research analysts anticipate that Flamel Technologies SA will post ($1.41) EPS for the current fiscal year.

A number of equities analysts have issued reports on FLML shares. Leerink Swann reissued an “outperform” rating and issued a $16.00 target price on shares of Flamel Technologies SA in a report on Tuesday, September 27th. JMP Securities reissued an “outperform” rating and issued a $16.00 target price on shares of Flamel Technologies SA in a report on Wednesday, September 28th. Finally, Zacks Investment Research raised shares of Flamel Technologies SA from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.70.

In other news, CEO Michael S. Anderson purchased 2,000 shares of Flamel Technologies SA stock in a transaction on Friday, September 2nd. The shares were purchased at an average cost of $14.12 per share, for a total transaction of $28,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig R. Stapleton purchased 10,000 shares of Flamel Technologies SA stock in a transaction on Thursday, September 1st. The stock was purchased at an average price of $13.52 per share, for a total transaction of $135,200.00. Following the completion of the transaction, the director now owns 519,678 shares of the company’s stock, valued at $7,026,046.56. The disclosure for this purchase can be found here. Insiders own 4.45% of the company’s stock.

Flamel Technologies SA Company Profile

Flamel Technologies SA is a specialty pharmaceutical company. The Company is engaged in the development and commercialization of pharmaceutical products, including controlled-release therapeutic products based on its polymer based technology. The Company has a balanced business model consisting of an Unapproved Marketed Drugs (UMDs) business with over two approved products in the United States, Bloxiverz (neostigmine methylsulfate injection) and Vazculep (phenylephrine hydrochloride injection) that are marketed; a branded pediatric business, and a branded business, focusing on the development of products utilizing Flamel’s drug delivery platforms.

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