Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap acquired 19,472 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were purchased at an average cost of $2.20 per share, with a total value of $42,838.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock 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 acquired 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 stock was bought 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost of $2.20 per share, with a total value of $266,180.20.

Summer Infant Inc. (NASDAQ:SUMR) opened at 2.18 on Thursday. The firm’s market cap is $40.21 million. The stock has a 50 day moving average of $2.21 and a 200-day moving average of $1.77. Summer Infant Inc. has a 52 week low of $1.22 and a 52 week high of $2.44.

An institutional investor recently raised its position in Summer Infant stock. Tocqueville Asset Management L.P. raised its position in shares of Summer Infant Inc. (NASDAQ:SUMR) by 17.0% during the second quarter, according to its most recent 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 8.07% of Summer Infant worth $2,469,000 as of its most recent SEC filing. Institutional investors and hedge funds own 48.55% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Thursday, July 7th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $2.00 price target on shares of Summer Infant in a report on Wednesday, August 3rd.

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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