Granite Investment Partners LLC reduced its stake in shares of Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) by 49.7% during the second quarter, Holdings Channel reports. The institutional investor owned 232,918 shares of the medical research company’s stock after selling 229,758 shares during the period. Granite Investment Partners LLC’s holdings in Novadaq Technologies were worth $2,730,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Quantitative Systematic Strategies LLC purchased a new position in Novadaq Technologies during the first quarter worth $169,000. OLD National Bancorp IN increased its position in Novadaq Technologies by 22.3% in the first quarter. OLD National Bancorp IN now owns 62,266 shares of the medical research company’s stock worth $485,000 after buying an additional 11,360 shares during the period. Bank of New York Mellon Corp increased its position in Novadaq Technologies by 14.7% in the first quarter. Bank of New York Mellon Corp now owns 73,875 shares of the medical research company’s stock worth $576,000 after buying an additional 9,454 shares during the period. OppenheimerFunds Inc. purchased a new position in Novadaq Technologies during the first quarter worth $13,900,000. Finally, US Bancorp DE increased its position in Novadaq Technologies by 0.8% in the first quarter. US Bancorp DE now owns 46,899 shares of the medical research company’s stock worth $365,000 after buying an additional 362 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Shares of Novadaq Technologies Inc (NVDQ) opened at 11.64 on Friday. Novadaq Technologies Inc has a 12-month low of $5.84 and a 12-month high of $12.74. The stock has a 50 day moving average price of $11.71 and a 200 day moving average price of $8.44. The firm’s market cap is $672.82 million.

ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/novadaq-technologies-inc-nasdaqnvdq-shares-sold-by-granite-investment-partners-llc/1477576.html.

A number of research firms have weighed in on NVDQ. ValuEngine raised Novadaq Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded Novadaq Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Canaccord Genuity downgraded Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 price target for the company. in a research report on Monday, July 10th. Royal Bank Of Canada downgraded Novadaq Technologies from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $12.00 to $11.75 in a research report on Thursday, July 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Novadaq Technologies in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.86.

About Novadaq Technologies

NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.

Want to see what other hedge funds are holding NVDQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ).

Institutional Ownership by Quarter for Novadaq Technologies (NASDAQ:NVDQ)

Receive News & Ratings for Novadaq Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novadaq Technologies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.