CEPS’s (NASDAQ:CEPS) Quiet Period To Expire Tomorrow

CEPS’s (NASDAQ:CEPS) quiet period is set to end on Tuesday, March 17th. CEPS had issued 10,000,000 shares in its IPO on February 5th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of CEPS to a “hold” rating in a research report on Saturday, February 14th.

CEPS Stock Performance

NASDAQ CEPS opened at $10.11 on Monday. CEPS has a fifty-two week low of $10.10 and a fifty-two week high of $10.18.

Insider Activity at CEPS

In other CEPS news, major shareholder Cantor Ep Holdings Vi, Llc purchased 300,000 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $10.00 per share, with a total value of $3,000,000.00. Following the acquisition, the insider owned 300,000 shares of the company’s stock, valued at approximately $3,000,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.