D.A. Davidson & CO. Purchases Shares of 3,408 Emergent Biosolutions Inc (EBS)
D.A. Davidson & CO. purchased a new stake in Emergent Biosolutions Inc (NYSE:EBS) during the third quarter, HoldingsChannel.com reports. The firm purchased 3,408 shares of the biopharmaceutical company’s stock, valued at approximately $224,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Parametrica Management Ltd acquired a new position in shares of Emergent Biosolutions in the 3rd quarter valued at $223,000. Family Firm Inc. acquired a new position in shares of Emergent Biosolutions in the 3rd quarter valued at $225,000. Everence Capital Management Inc. acquired a new position in shares of Emergent Biosolutions in the 3rd quarter valued at $261,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Emergent Biosolutions in the 2nd quarter valued at $202,000. Finally, Sun Life Financial INC acquired a new position in shares of Emergent Biosolutions in the 2nd quarter valued at $234,000. Institutional investors own 81.39% of the company’s stock.
In other news, EVP Adam Havey sold 22,996 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $61.06, for a total value of $1,404,135.76. Following the transaction, the executive vice president now owns 36,079 shares of the company’s stock, valued at approximately $2,202,983.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sue Bailey sold 17,717 shares of the firm’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $69.62, for a total transaction of $1,233,457.54. Following the completion of the transaction, the director now directly owns 57,216 shares in the company, valued at approximately $3,983,377.92. The disclosure for this sale can be found here. In the last three months, insiders sold 163,678 shares of company stock worth $11,030,898. Insiders own 16.50% of the company’s stock.
Shares of EBS stock opened at $65.59 on Friday. Emergent Biosolutions Inc has a 52 week low of $42.50 and a 52 week high of $73.89. The company has a current ratio of 5.52, a quick ratio of 4.29 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.53 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.26.
Emergent Biosolutions (NYSE:EBS) last issued its earnings results on Thursday, November 1st. The biopharmaceutical company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.07). Emergent Biosolutions had a net margin of 14.19% and a return on equity of 12.89%. The business had revenue of $173.70 million during the quarter, compared to analysts’ expectations of $185.16 million. During the same period in the prior year, the business posted $0.73 EPS. The business’s revenue was up 16.3% on a year-over-year basis. On average, equities analysts expect that Emergent Biosolutions Inc will post 2.15 earnings per share for the current year.
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Emergent Biosolutions Profile
Emergent BioSolutions Inc focuses on the development, manufacture, and commercialization of medical countermeasures that address public health threats. Its products address public health threats primarily chemical, biological, radiological, nuclear, and explosive-related threats, as well as infectious diseases.
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