InfuSystem (NYSE:INFU) Trading Down 1.8% – Time to Sell?

InfuSystem Holdings, Inc. (NYSE:INFU) shares fell 1.8% on Wednesday . The stock traded as low as $12.03 and last traded at $12.24. 116,417 shares changed hands during trading, a decline of 32% from the average daily volume of 172,024 shares. The stock had previously closed at $12.46.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial restated a “buy” rating and issued a $20.00 target price (up from $12.00) on shares of InfuSystem in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.67.

InfuSystem Stock Performance

The company has a market cap of $247.63 million, a PE ratio of 204.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.98 and a quick ratio of 1.59. The business has a 50-day moving average of $9.80 and a 200 day moving average of $9.37.

InfuSystem announced that its board has approved a stock buyback plan on Tuesday, May 19th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the company to buy up to 10.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On InfuSystem

Several institutional investors have recently made changes to their positions in INFU. BlackRock Inc. bought a new stake in InfuSystem during the second quarter valued at approximately $15,299,000. Minerva Advisors LLC increased its holdings in InfuSystem by 5.2% during the fourth quarter. Minerva Advisors LLC now owns 1,078,731 shares of the company’s stock valued at $9,676,000 after buying an additional 52,942 shares during the last quarter. Vanguard Group Inc. raised its position in InfuSystem by 1.9% in the third quarter. Vanguard Group Inc. now owns 976,177 shares of the company’s stock worth $10,113,000 after acquiring an additional 18,539 shares during the period. Punch & Associates Investment Management Inc. raised its position in InfuSystem by 1.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 837,925 shares of the company’s stock worth $7,734,000 after acquiring an additional 13,175 shares during the period. Finally, Heartland Advisors Inc. purchased a new position in shares of InfuSystem during the 2nd quarter worth $6,755,000. Institutional investors own 71.13% of the company’s stock.

About InfuSystem

InfuSystem Holdings Inc is a medical technology company that specializes in the rental, management and servicing of infusion pumps and associated devices used primarily for outpatient infusion therapy. The company provides a comprehensive suite of services that includes equipment delivery, setup and retrieval, preventive and corrective maintenance, reprocessing and quality assurance. InfuSystem’s offerings are designed to help hospitals, ambulatory surgery centers, oncology clinics and private infusion suites streamline clinical operations and maintain compliance with safety standards.

In addition to pump rental and repair services, InfuSystem has expanded into remote patient monitoring solutions.