Phocas Financial Corp. decreased its position in Natus Medical Inc (NASDAQ:BABY) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,103 shares of the medical equipment provider’s stock after selling 5,778 shares during the quarter. Phocas Financial Corp.’s holdings in Natus Medical were worth $5,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BABY. SG Americas Securities LLC acquired a new position in shares of Natus Medical in the third quarter worth $138,000. Greenwood Capital Associates LLC acquired a new position in shares of Natus Medical in the fourth quarter worth $219,000. First Capital Advisors Group LLC. acquired a new position in shares of Natus Medical in the fourth quarter worth $222,000. Bessemer Group Inc. acquired a new position in shares of Natus Medical in the fourth quarter worth $255,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Natus Medical in the fourth quarter worth $303,000. 95.76% of the stock is currently owned by institutional investors.

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Natus Medical stock opened at $35.55 on Thursday. The company has a market cap of $1,120.82, a price-to-earnings ratio of -57.34 and a beta of 0.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.32 and a quick ratio of 2.54. Natus Medical Inc has a 12 month low of $28.00 and a 12 month high of $43.60.

Natus Medical (NASDAQ:BABY) last issued its earnings results on Wednesday, February 7th. The medical equipment provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). The firm had revenue of $131.40 million for the quarter, compared to analyst estimates of $131.38 million. Natus Medical had a positive return on equity of 11.36% and a negative net margin of 4.05%. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. sell-side analysts forecast that Natus Medical Inc will post 1.63 EPS for the current year.

Natus Medical declared that its Board of Directors has approved a share repurchase program on Thursday, February 22nd that permits the company to buyback $30.00 million in shares. This buyback authorization permits the medical equipment provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Several equities analysts have commented on BABY shares. Roth Capital set a $39.00 price target on shares of Natus Medical and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Benchmark restated a “buy” rating and issued a $49.00 price target (down previously from $55.00) on shares of Natus Medical in a research note on Tuesday, January 16th. BidaskClub upgraded shares of Natus Medical from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. Zacks Investment Research downgraded shares of Natus Medical from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, William Blair downgraded shares of Natus Medical from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Natus Medical has a consensus rating of “Hold” and a consensus target price of $44.33.

In related news, Director Ken Ludlum sold 4,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $31.68, for a total transaction of $126,720.00. Following the completion of the transaction, the director now owns 93,825 shares in the company, valued at $2,972,376. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

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Natus Medical Company Profile

Natus Medical Incorporated is a provider of newborn care and neurology healthcare products and services used for the screening, diagnosis, detection, treatment, monitoring and tracking of common medical ailments in newborn care, hearing impairment, neurological dysfunction, epilepsy, sleep disorders, neuromuscular diseases and balance and mobility disorders.

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Institutional Ownership by Quarter for Natus Medical (NASDAQ:BABY)

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