Glenbrook Capital Management Buys 7,000 Shares of Senestech (NASDAQ:SNES) Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 7,000 shares of the stock in a transaction on Monday, June 8th. The shares were bought at an average cost of $1.61 per share, for a total transaction of $11,270.00. Following the transaction, the insider directly owned 954,144 shares in the company, valued at approximately $1,536,171.84. The trade was a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Glenbrook Capital Management also recently made the following trade(s):

• On Friday, June 5th, Glenbrook Capital Management acquired 13,159 shares of Senestech stock. The shares were bought at an average price of $1.57 per share, for a total transaction of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management acquired 8,230 shares of Senestech stock. The stock was bought at an average cost of $1.65 per share, with a total value of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management bought 10,000 shares of Senestech stock. The shares were purchased at an average price of $1.59 per share, for a total transaction of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management purchased 7,120 shares of Senestech stock. The shares were purchased at an average cost of $1.65 per share, for a total transaction of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management purchased 15,000 shares of Senestech stock. The shares were purchased at an average cost of $1.72 per share, for a total transaction of $25,800.00.
• On Tuesday, April 28th, Glenbrook Capital Management acquired 3,000 shares of Senestech stock. The stock was purchased at an average cost of $1.47 per share, with a total value of $4,410.00.
• On Tuesday, March 17th, Glenbrook Capital Management acquired 19,725 shares of Senestech stock. The shares were purchased at an average price of $1.79 per share, for a total transaction of $35,307.75.
• On Monday, March 16th, Glenbrook Capital Management bought 5,060 shares of Senestech stock. The stock was purchased at an average cost of $1.86 per share, for a total transaction of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management bought 146,249 shares of Senestech stock. The stock was purchased at an average price of $1.95 per share, with a total value of $285,185.55.

Senestech Stock Performance

Senestech stock traded up $0.08 during midday trading on Monday, reaching $1.61. 31,515 shares of the company’s stock were exchanged, compared to its average volume of 64,218. Senestech, Inc. has a 52 week low of $1.41 and a 52 week high of $6.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.79 and a current ratio of 8.91. The firm has a market cap of $8.54 million, a price-to-earnings ratio of -0.85 and a beta of 0.28. The stock’s 50-day simple moving average is $1.64 and its 200 day simple moving average is $2.02.

Senestech (NASDAQ:SNES) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%.The business had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.63 million. On average, analysts expect that Senestech, Inc. will post -1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senestech in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of Senestech

A number of hedge funds have recently made changes to their positions in SNES. Sabby Management LLC lifted its position in shares of Senestech by 195.4% in the fourth quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock valued at $451,000 after buying an additional 139,281 shares during the last quarter. DRW Securities LLC lifted its position in shares of Senestech by 171.1% in the fourth quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after buying an additional 51,818 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Senestech by 35.2% during the fourth quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after purchasing an additional 37,165 shares during the period. Jane Street Group LLC bought a new position in shares of Senestech during the second quarter worth approximately $161,000. Finally, Millennium Management LLC acquired a new stake in Senestech during the 3rd quarter worth approximately $126,000. 5.19% of the stock is owned by institutional investors and hedge funds.

Senestech Company Profile

SenesTech, Inc (NASDAQ: SNES) is a biotechnology company specializing in non-lethal pest management solutions. The company’s core focus is the development and commercialization of fertility-based control methods for commensal rodents, providing an alternative to traditional rodenticides. By targeting the reproductive cycle of rats, SenesTech aims to reduce rodent populations over time without the use of toxic chemicals, offering a more sustainable approach for pest management professionals.

The company’s flagship product, ContraPest®, is an EPA-registered liquid bait that disrupts rodent reproduction.