Amarin Co. plc (NASDAQ:AMRN) Director Sells $1,158,359.48 in Stock
Amarin Co. plc (NASDAQ:AMRN) Director David M. Stack sold 51,991 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $22.28, for a total transaction of $1,158,359.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NASDAQ AMRN opened at $21.87 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 1.84 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $19.52. The company has a market cap of $7.16 billion, a P/E ratio of -56.08 and a beta of 1.18. Amarin Co. plc has a 1 year low of $2.35 and a 1 year high of $23.91.
Amarin (NASDAQ:AMRN) last posted its quarterly earnings data on Wednesday, May 1st. The biopharmaceutical company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.30 million. Amarin had a negative net margin of 45.16% and a negative return on equity of 450.07%. Amarin’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. As a group, sell-side analysts anticipate that Amarin Co. plc will post -0.24 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC boosted its holdings in Amarin by 30.7% in the 1st quarter. Global Retirement Partners LLC now owns 3,414 shares of the biopharmaceutical company’s stock valued at $71,000 after purchasing an additional 802 shares during the period. F3Logic LLC boosted its holdings in Amarin by 8.0% in the 1st quarter. F3Logic LLC now owns 12,515 shares of the biopharmaceutical company’s stock valued at $261,000 after purchasing an additional 925 shares during the period. UBP Investment Advisors SA boosted its holdings in Amarin by 7.7% in the 1st quarter. UBP Investment Advisors SA now owns 14,000 shares of the biopharmaceutical company’s stock valued at $291,000 after purchasing an additional 1,000 shares during the period. Executive Wealth Management LLC boosted its holdings in Amarin by 17.0% in the 1st quarter. Executive Wealth Management LLC now owns 8,600 shares of the biopharmaceutical company’s stock valued at $179,000 after purchasing an additional 1,250 shares during the period. Finally, Comerica Bank boosted its holdings in Amarin by 8.0% in the 1st quarter. Comerica Bank now owns 18,481 shares of the biopharmaceutical company’s stock valued at $360,000 after purchasing an additional 1,376 shares during the period. 47.62% of the stock is owned by hedge funds and other institutional investors.
Amarin Company Profile
Amarin Corp. Plc is a biopharmaceutical company, which focuses on the commercialization and development of therapeutics for cardiovascular health. Its product development program leverages its experience in lipid science and the potential therapeutic benefits of polyunsaturated fatty acids. It has developed and markets Vascepa capsules through wholesale.
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