SurModics Inc. (NASDAQ:SRDX) VP Charles W. Olson sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $26.02, for a total value of $13,010.00. Following the transaction, the vice president now directly owns 27,245 shares in the company, valued at $708,914.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SurModics Inc. (NASDAQ:SRDX) opened at 24.90 on Tuesday. The company has a market cap of $325.89 million, a P/E ratio of 32.76 and a beta of 0.98. The company’s 50-day moving average price is $26.64 and its 200 day moving average price is $26.23. SurModics Inc. has a one year low of $17.45 and a one year high of $30.75.
SurModics (NASDAQ:SRDX) last posted its quarterly earnings results on Wednesday, November 16th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.17. SurModics had a return on equity of 15.98% and a net margin of 13.99%. The business had revenue of $18.20 million for the quarter, compared to analyst estimates of $16.09 million. During the same period last year, the company earned $0.30 EPS. SurModics’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that SurModics Inc. will post $1.04 earnings per share for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered SurModics from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Barrington Research lowered SurModics from an “outperform” rating to a “market perform” rating in a research report on Monday, November 21st. Finally, Sidoti lowered SurModics from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 6th.
A number of institutional investors have recently bought and sold shares of the company. First Quadrant L P CA raised its position in SurModics by 9.4% in the third quarter. First Quadrant L P CA now owns 4,374 shares of the company’s stock valued at $132,000 after buying an additional 374 shares during the last quarter. Condor Capital Management bought a new position in SurModics during the third quarter valued at about $202,000. Arizona State Retirement System bought a new position in SurModics during the third quarter valued at about $204,000. Bank of Montreal Can bought a new position in SurModics during the second quarter valued at about $190,000. Finally, Meristem LLP bought a new position in SurModics during the third quarter valued at about $247,000. Institutional investors and hedge funds own 88.55% of the company’s stock.
SurModics Company Profile