BioMarin Pharmaceutical Inc. (BMRN) Shares Bought by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. increased its stake in BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) by 21.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,652 shares of the biotechnology company’s stock after purchasing an additional 1,505 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in BioMarin Pharmaceutical were worth $839,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in BMRN. Huntington National Bank purchased a new position in shares of BioMarin Pharmaceutical in the 3rd quarter valued at about $105,000. BDO Wealth Advisors LLC acquired a new stake in BioMarin Pharmaceutical in the 2nd quarter valued at about $127,000. NuWave Investment Management LLC grew its stake in BioMarin Pharmaceutical by 42,975.0% in the 3rd quarter. NuWave Investment Management LLC now owns 1,723 shares of the biotechnology company’s stock valued at $167,000 after acquiring an additional 1,719 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in BioMarin Pharmaceutical in the 3rd quarter valued at about $204,000. Finally, Motley Fool Asset Management LLC acquired a new stake in BioMarin Pharmaceutical in the 3rd quarter valued at about $217,000.
In other BioMarin Pharmaceutical news, EVP George Eric Davis sold 12,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $99.57, for a total transaction of $1,194,840.00. Following the sale, the executive vice president now directly owns 74,950 shares of the company’s stock, valued at approximately $7,462,771.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V Bryan Lawlis sold 2,150 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $97.93, for a total transaction of $210,549.50. Following the sale, the director now directly owns 21,310 shares in the company, valued at $2,086,888.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,650 shares of company stock worth $3,150,680 over the last ninety days. 1.90% of the stock is owned by corporate insiders.
BioMarin Pharmaceutical stock opened at $93.69 on Thursday. BioMarin Pharmaceutical Inc. has a 12-month low of $75.81 and a 12-month high of $106.74. The company has a current ratio of 2.87, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28.
BioMarin Pharmaceutical (NASDAQ:BMRN) last released its quarterly earnings results on Thursday, October 25th. The biotechnology company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.15. BioMarin Pharmaceutical had a negative net margin of 8.35% and a negative return on equity of 2.98%. The company had revenue of $391.71 million for the quarter, compared to analysts’ expectations of $369.43 million. Equities analysts expect that BioMarin Pharmaceutical Inc. will post -0.14 earnings per share for the current fiscal year.
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BioMarin Pharmaceutical Company Profile
BioMarin Pharmaceutical, Inc, a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. Its commercial products include Aldurazyme that is used for the treatment of patients with mucopolysaccharidosis I, a genetic disease; Brineura for the treatment of late infantile neuronal ceroid lipofuscinosis type 2, a form of Batten disease; and Firdapse for Lambert Eaton Myasthenic Syndrome.
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