Capital Investment Advisors LLC acquired a new position in shares of Danimer Scientific, Inc. (NYSE:DNMR) during the first quarter, Holdings Channel reports. The institutional investor acquired 41,362 shares of the company’s stock, valued at approximately $1,561,000.
Several other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC purchased a new position in Danimer Scientific in the first quarter valued at $26,000. Arkadios Wealth Advisors purchased a new position in Danimer Scientific in the first quarter valued at $29,000. Citigroup Inc. purchased a new position in Danimer Scientific in the fourth quarter valued at $40,000. Valeo Financial Advisors LLC increased its holdings in Danimer Scientific by 558.3% in the first quarter. Valeo Financial Advisors LLC now owns 1,975 shares of the company’s stock valued at $75,000 after buying an additional 1,675 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Danimer Scientific in the fourth quarter valued at $47,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.
NYSE DNMR opened at $23.63 on Tuesday. Danimer Scientific, Inc. has a 1 year low of $9.60 and a 1 year high of $66.30. The company has a fifty day moving average of $35.01.
Several research firms have issued reports on DNMR. Zacks Investment Research downgraded shares of Danimer Scientific from a “hold” rating to a “sell” rating in a research note on Tuesday, March 9th. Jefferies Financial Group upped their price objective on shares of Danimer Scientific from $49.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, February 9th.
About Danimer Scientific
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petrochemical-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including water bottles, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
See Also: How to Invest in Marijuana Stocks
Want to see what other hedge funds are holding DNMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Danimer Scientific, Inc. (NYSE:DNMR).
Receive News & Ratings for Danimer Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danimer Scientific and related companies with MarketBeat.com's FREE daily email newsletter.