Today, Summer Infant Inc. (SUMR) Major Shareholder Buys $696,976.00 in Stock

Today, Summer Infant Inc. (SUMR) Major Shareholder Buys $696,976.00 in Stock

Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap bought 348,488 shares of Summer Infant stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average price of $2.00 per share, with a total value of $696,976.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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 Monday, November 21st, Wynnefield Partners Small Cap purchased 131,420 shares of Summer Infant stock. The shares were purchased at an average cost of $2.00 per share, with a total value of $262,840.00. On Friday, November 18th, Wynnefield Partners Small Cap purchased 135,756 shares of Summer Infant stock. The shares were purchased at an average cost of $2.00 per share, with a total value of $271,512.00. On Wednesday, November 16th, Wynnefield Partners Small Cap purchased 418,952 shares of Summer Infant stock. The shares were purchased at an average cost of $1.80 per share, with a total value of $754,113.60. On Friday, September 16th, Wynnefield Partners Small Cap purchased 19,472 shares of Summer Infant stock. The shares were purchased at an average cost of $2.20 per share, with a total value of $42,838.40. On Thursday, September 15th, Wynnefield Partners Small Cap purchased 14,100 shares of Summer Infant stock. The shares were purchased at an average cost of $2.02 per share, with a total value of $28,482.00. On Tuesday, September 13th, Wynnefield Partners Small Cap purchased 26,600 shares of Summer Infant stock. The shares were purchased at an average cost of $2.08 per share, with a total value of $55,328.00. On Friday, September 9th, Wynnefield Partners Small Cap purchased 40,200 shares of Summer Infant stock. The shares were purchased at an average cost of $2.25 per share, with a total value of $90,450.00.

Shares of Summer Infant Inc. (NASDAQ:SUMR) traded up 2.39% during trading on Monday, reaching $2.14. The company’s stock had a trading volume of 5,041 shares. The stock’s market cap is $39.59 million. The stock has a 50-day moving average of $2.02 and a 200-day moving average of $1.92. Summer Infant Inc. has a 52-week low of $1.22 and a 52-week high of $2.44.

Several analysts recently weighed in on SUMR shares. Zacks Investment Research cut Summer Infant from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Piper Jaffray Cos. reissued an “overweight” rating and set a $2.00 price target on shares of Summer Infant in a report on Wednesday, August 3rd.

An institutional investor recently raised its position in Summer Infant stock. Tocqueville Asset Management L.P. increased its stake in Summer Infant Inc. (NASDAQ:SUMR) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. Institutional investors and hedge funds own 50.28% of the company’s stock.

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