Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap acquired 26,600 shares of the stock in a transaction on Tuesday, September 13th. The stock was acquired at an average cost of $2.08 per share, for a total transaction of $55,328.00. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 10% 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 Thursday, September 15th, Wynnefield Partners Small Cap purchased 14,100 shares of Summer Infant stock. The shares were bought at an average price of $2.02 per share, with a total value of $28,482.00.
  • On Friday, September 9th, Wynnefield Partners Small Cap purchased 40,200 shares of Summer Infant stock. The shares were bought at an average price of $2.25 per share, with a total value of $90,450.00.
  • On Monday, August 22nd, Wynnefield Partners Small Cap purchased 59,800 shares of Summer Infant stock. The shares were bought at an average price of $2.20 per share, with a total value of $131,560.00.
  • On Friday, August 19th, Wynnefield Partners Small Cap purchased 60,000 shares of Summer Infant stock. The shares were bought at an average price of $2.19 per share, with a total value of $131,400.00.
  • On Tuesday, August 16th, Wynnefield Partners Small Cap purchased 20,000 shares of Summer Infant stock. The shares were bought at an average price of $2.20 per share, with a total value of $44,000.00.
  • On Monday, August 15th, Wynnefield Partners Small Cap purchased 63,934 shares of Summer Infant stock. The shares were bought at an average price of $2.20 per share, with a total value of $140,654.80.
  • On Thursday, August 11th, Wynnefield Partners Small Cap purchased 115,075 shares of Summer Infant stock. The shares were bought at an average price of $2.20 per share, with a total value of $253,165.00.
  • On Monday, August 8th, Wynnefield Partners Small Cap purchased 120,991 shares of Summer Infant stock. The shares were bought at an average price of $2.20 per share, with a total value of $266,180.20.

Summer Infant Inc. (NASDAQ:SUMR) opened at 2.26 on Monday. The firm’s market capitalization is $41.69 million. The company’s 50 day moving average price is $2.15 and its 200 day moving average price is $1.75. Summer Infant Inc. has a 12 month low of $1.22 and a 12 month high of $2.44.

SUMR has been the subject of a number of research reports. Piper Jaffray Cos. reiterated an “overweight” rating and set a $2.00 price target on shares of Summer Infant in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Summer Infant from a “hold” rating to a “strong-buy” rating and set a $2.50 price target for the company in a research report on Thursday, August 11th.

An institutional investor recently raised its position in Summer Infant stock. Tocqueville Asset Management L.P. raised its stake in Summer Infant Inc. (NASDAQ:SUMR) by 17.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (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 as of its most recent SEC filing. 48.55% of the stock is owned by institutional investors and hedge funds.

Summer Infant Company Profile

Summer Infant, Inc (Summer) is an infant and juvenile products company. The Company creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products.

5 Day Chart for NASDAQ:SUMR

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