Insider Selling: Pacira Pharmaceuticals, Inc. (PCRX) CAO Sells $400,000.00 in Stock
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) CAO Kristen Marie Williams sold 10,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.00, for a total value of $400,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,455 shares in the company, valued at $938,200. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Pacira Pharmaceuticals, Inc. (NASDAQ PCRX) opened at $44.50 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 6.99 and a quick ratio of 6.24. Pacira Pharmaceuticals, Inc. has a twelve month low of $29.81 and a twelve month high of $58.95.
Pacira Pharmaceuticals (NASDAQ:PCRX) last released its earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.15. The company had revenue of $67.30 million during the quarter, compared to analyst estimates of $68.99 million. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. Pacira Pharmaceuticals’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. research analysts predict that Pacira Pharmaceuticals, Inc. will post -0.87 earnings per share for the current fiscal year.
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A number of research analysts recently weighed in on the company. Mizuho reaffirmed a “buy” rating and set a $54.00 price target on shares of Pacira Pharmaceuticals in a research note on Wednesday, July 26th. BidaskClub downgraded Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets upped their price target on Pacira Pharmaceuticals from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 8th. Jefferies Group LLC dropped their price target on Pacira Pharmaceuticals to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $52.00 price target on shares of Pacira Pharmaceuticals in a research note on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.71.
Several hedge funds have recently added to or reduced their stakes in PCRX. Principal Financial Group Inc. bought a new position in shares of Pacira Pharmaceuticals in the first quarter valued at approximately $237,000. Teachers Advisors LLC grew its holdings in shares of Pacira Pharmaceuticals by 238.5% in the first quarter. Teachers Advisors LLC now owns 212,792 shares of the company’s stock valued at $9,703,000 after acquiring an additional 149,938 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pacira Pharmaceuticals by 4.1% in the first quarter. Vanguard Group Inc. now owns 2,860,092 shares of the company’s stock valued at $130,420,000 after acquiring an additional 112,853 shares in the last quarter. UBS Group AG grew its holdings in shares of Pacira Pharmaceuticals by 96.8% in the first quarter. UBS Group AG now owns 14,473 shares of the company’s stock valued at $660,000 after acquiring an additional 7,117 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Pacira Pharmaceuticals by 28,922.7% in the first quarter. BlackRock Inc. now owns 3,183,787 shares of the company’s stock valued at $145,180,000 after acquiring an additional 3,172,817 shares in the last quarter. 99.79% of the stock is owned by institutional investors.
About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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