40,137 Shares in Catalyst Pharmaceuticals, Inc. (CPRX) Purchased by Nationwide Fund Advisors
Nationwide Fund Advisors acquired a new stake in shares of Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,137 shares of the biopharmaceutical company’s stock, valued at approximately $111,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Catalyst Pharmaceuticals by 3.6% during the first quarter. Bank of New York Mellon Corp now owns 69,176 shares of the biopharmaceutical company’s stock valued at $135,000 after purchasing an additional 2,404 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in Catalyst Pharmaceuticals during the second quarter valued at approximately $149,000. JPMorgan Chase & Co. purchased a new position in Catalyst Pharmaceuticals during the first quarter valued at approximately $155,000. Rhumbline Advisers purchased a new position in Catalyst Pharmaceuticals during the second quarter valued at approximately $209,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Catalyst Pharmaceuticals during the second quarter valued at approximately $333,000. 39.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) opened at $3.06 on Tuesday. Catalyst Pharmaceuticals, Inc. has a one year low of $1.01 and a one year high of $3.24.
In other Catalyst Pharmaceuticals news, insider Patrick J. Mcenany bought 20,000 shares of Catalyst Pharmaceuticals stock in a transaction on Tuesday, September 5th. The stock was purchased at an average cost of $2.58 per share, for a total transaction of $51,600.00. Following the completion of the purchase, the insider now directly owns 4,471,026 shares of the company’s stock, valued at $11,535,247.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.60% of the stock is owned by insiders.
A number of brokerages recently commented on CPRX. Zacks Investment Research downgraded shares of Catalyst Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Catalyst Pharmaceuticals in a research report on Friday, November 10th. SunTrust Banks, Inc. set a $5.00 price objective on shares of Catalyst Pharmaceuticals and gave the company a “buy” rating in a research report on Tuesday, October 31st. Roth Capital set a $5.00 target price on shares of Catalyst Pharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $6.00 target price on shares of Catalyst Pharmaceuticals and gave the company a “buy” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $5.50.
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Catalyst Pharmaceuticals Company Profile
Catalyst Pharmaceuticals, Inc, formerly Catalyst Pharmaceutical Partners, Inc, is a development-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for people with rare debilitating diseases. The Company has three drugs in development: Firdapse, CPP-109 and CPP-115.
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