CorMedix Inc. (NYSEAMERICAN:CRMD) Director Janet Dillione bought 42,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $1.67 per share, with a total value of $70,140.00. Following the purchase, the director now owns 180,909 shares of the company’s stock, valued at $302,118.03. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NYSEAMERICAN CRMD traded down $0.05 on Wednesday, reaching $1.53. The stock had a trading volume of 2,957,801 shares, compared to its average volume of 3,021,363. CorMedix Inc. has a 12-month low of $0.17 and a 12-month high of $2.74.

Several equities research analysts recently weighed in on CRMD shares. Roth Capital started coverage on CorMedix in a research note on Thursday, December 6th. They set a “buy” rating and a $6.00 target price for the company. HC Wainwright reiterated a “buy” rating and issued a $3.50 price objective on shares of CorMedix in a research note on Wednesday, December 12th. Finally, Zacks Investment Research cut CorMedix from a “hold” rating to a “sell” rating in a research note on Friday, December 14th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of CorMedix by 374.4% in the fourth quarter. BlackRock Inc. now owns 2,656,672 shares of the biotechnology company’s stock valued at $3,427,000 after purchasing an additional 2,096,663 shares during the period. Vanguard Group Inc increased its holdings in shares of CorMedix by 49.7% in the third quarter. Vanguard Group Inc now owns 2,673,113 shares of the biotechnology company’s stock valued at $2,589,000 after purchasing an additional 886,894 shares during the period. Vanguard Group Inc. increased its holdings in shares of CorMedix by 49.7% in the third quarter. Vanguard Group Inc. now owns 2,673,113 shares of the biotechnology company’s stock valued at $2,589,000 after purchasing an additional 886,894 shares during the period. EAM Investors LLC acquired a new position in shares of CorMedix in the third quarter valued at approximately $701,000. Finally, Virtu Financial LLC increased its holdings in shares of CorMedix by 109.7% in the third quarter. Virtu Financial LLC now owns 394,051 shares of the biotechnology company’s stock valued at $382,000 after purchasing an additional 206,099 shares during the period.

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CorMedix Company Profile

CorMedix, Inc, a biopharmaceutical company, focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the United States and internationally. Its primary focus is on the development of its lead product candidate, Neutrolin, an anti-infective solution for the reduction and prevention of catheter-related infections and thrombosis in patients requiring central venous catheters in clinical settings, such as dialysis, critical/intensive care, and oncology.

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