Christopher Downs Acquires 7,900 Shares of InfuSystem Holdings Inc (INFU) Stock
InfuSystem Holdings Inc (NYSE:INFU) CFO Christopher Downs purchased 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $1.90 per share, with a total value of $15,010.00. Following the purchase, the chief financial officer now directly owns 28,840 shares of the company’s stock, valued at $54,796. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Shares of InfuSystem Holdings Inc (INFU) traded down 7.69% during mid-day trading on Wednesday, reaching $1.80. The company had a trading volume of 210,494 shares. The stock’s market capitalization is $40.96 million. InfuSystem Holdings Inc has a 1-year low of $1.20 and a 1-year high of $3.04. The firm has a 50-day moving average price of $1.79 and a 200-day moving average price of $1.95.
InfuSystem Holdings (NYSE:INFU) last released its earnings results on Wednesday, August 9th. The medical instruments supplier reported ($0.02) earnings per share for the quarter. The company had revenue of $16.94 million for the quarter. InfuSystem Holdings had a negative net margin of 8.37% and a negative return on equity of 11.82%. Equities analysts expect that InfuSystem Holdings Inc will post $0.24 earnings per share for the current year.
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A hedge fund recently raised its stake in InfuSystem Holdings stock. FineMark National Bank & Trust increased its stake in shares of InfuSystem Holdings Inc (NYSE:INFU) by 16.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,955 shares of the medical instruments supplier’s stock after buying an additional 30,000 shares during the period. FineMark National Bank & Trust owned about 0.95% of InfuSystem Holdings worth $380,000 at the end of the most recent quarter.
About InfuSystem Holdings
InfuSystem Holdings, Inc is a provider of infusion pumps and related products and services for patients in the home, oncology clinics, ambulatory surgery centers and other sites of care. The Company delivers local, field-based customer support and also operates pump service and repair Centers of Excellence in Michigan, Kansas, California, Texas and Ontario, Canada.
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