Heartland Advisors Inc. trimmed its stake in shares of Sharps Compliance Corp. (NASDAQ:SMED) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,144 shares of the industrial products company’s stock after selling 304,285 shares during the period. Heartland Advisors Inc.’s holdings in Sharps Compliance were worth $774,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Goodman Financial Corp lifted its position in shares of Sharps Compliance by 7.0% during the 3rd quarter. Goodman Financial Corp now owns 1,006,500 shares of the industrial products company’s stock valued at $4,811,000 after acquiring an additional 65,799 shares during the period. Cadence Capital Management LLC lifted its position in shares of Sharps Compliance by 13.6% during the 3rd quarter. Cadence Capital Management LLC now owns 201,522 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 24,072 shares during the period. Finally, Quantum Capital Management acquired a new stake in shares of Sharps Compliance during the 3rd quarter valued at approximately $507,000. Institutional investors own 25.45% of the company’s stock.

Sharps Compliance Corp. (NASDAQ SMED) opened at $4.42 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.00 and a current ratio of 2.46. Sharps Compliance Corp. has a 12 month low of $3.74 and a 12 month high of $5.73. The firm has a market cap of $71.08, a P/E ratio of 442.44, a PEG ratio of 3.57 and a beta of 0.60.

Sharps Compliance (NASDAQ:SMED) last issued its quarterly earnings data on Tuesday, January 23rd. The industrial products company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Sharps Compliance had a return on equity of 0.54% and a net margin of 0.33%. The business had revenue of $11.12 million for the quarter, compared to analysts’ expectations of $10.14 million. During the same period last year, the business earned ($0.01) earnings per share. research analysts predict that Sharps Compliance Corp. will post 0.07 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Sharps Compliance from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Sharps Compliance from a “sell” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Wednesday, October 25th.

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Sharps Compliance Company Profile

Sharps Compliance Corp. is a provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions.

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Institutional Ownership by Quarter for Sharps Compliance (NASDAQ:SMED)

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