Trading Report: The Insider Buying: Summer Infant Inc. (SUMR) Major Shareholder Buys $262,840.00 in Stock

The Insider Buying: Summer Infant Inc. (SUMR) Major Shareholder Buys $262,840.00 in Stock

Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap bought 131,420 shares of Summer Infant stock in a transaction on Monday, November 21st. The stock was acquired at an average price of $2.00 per share, with a total value of $262,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Wynnefield Partners Small Cap also recently made the following trade(s): On Friday, November 18th, Wynnefield Partners Small Cap bought 135,756 shares of Summer Infant stock. The stock was acquired at an average price of $2.00 per share, with a total value of $271,512.00. On Wednesday, November 16th, Wynnefield Partners Small Cap acquired 418,952 shares of Summer Infant stock. The stock was purchased at an average price of $1.80 per share, with a total value of $754,113.60. On Friday, September 16th, Wynnefield Partners Small Cap acquired 19,472 shares of Summer Infant stock. The stock was purchased at an average price of $2.20 per share, with a total value of $42,838.40. On Thursday, September 15th, Wynnefield Partners Small Cap acquired 14,100 shares of Summer Infant stock. The stock was purchased at an average price of $2.02 per share, with a total value of $28,482.00. On Tuesday, September 13th, Wynnefield Partners Small Cap acquired 26,600 shares of Summer Infant stock. The stock was purchased at an average price of $2.08 per share, with a total value of $55,328.00. On Friday, September 9th, Wynnefield Partners Small Cap acquired 40,200 shares of Summer Infant stock. The stock was purchased at an average price of $2.25 per share, with a total value of $90,450.00.

Summer Infant Inc. (NASDAQ:SUMR) opened at 2.09 on Monday. The firm’s market capitalization is $38.66 million. The company’s 50-day moving average is $2.02 and its 200 day moving average is $1.92. Summer Infant Inc. has a 1-year low of $1.22 and a 1-year high of $2.44.

An institutional investor recently raised its position in Summer Infant stock. Tocqueville Asset Management L.P. raised its position in Summer Infant Inc. (NASDAQ:SUMR) by 17.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,487,082 shares of the company’s stock after buying an additional 215,621 shares during the period. Tocqueville Asset Management L.P. owned approximately 8.07% of Summer Infant worth $2,469,000 at the end of the most recent quarter. 50.28% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on SUMR shares. Zacks Investment Research upgraded shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research note on Tuesday, August 2nd. Piper Jaffray Cos. restated an “overweight” rating and issued a $2.00 price objective on shares of Summer Infant in a research note on Wednesday, August 3rd.

Summer Infant Company Profile

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