Sei Investments Co. Buys 37,376 Shares of Quidel Corporation (QDEL)
Sei Investments Co. increased its stake in Quidel Corporation (NASDAQ:QDEL) by 1,194.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,505 shares of the company’s stock after buying an additional 37,376 shares during the period. Sei Investments Co.’s holdings in Quidel Corporation were worth $917,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Mercantile Trust Co. boosted its position in Quidel Corporation by 0.8% in the first quarter. First Mercantile Trust Co. now owns 5,280 shares of the company’s stock valued at $120,000 after buying an additional 40 shares during the period. Teachers Advisors LLC boosted its position in Quidel Corporation by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 47,367 shares of the company’s stock valued at $1,015,000 after buying an additional 333 shares during the period. Trellus Management Company LLC bought a new position in Quidel Corporation during the first quarter valued at $262,000. Renaissance Technologies LLC boosted its position in Quidel Corporation by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 502,200 shares of the company’s stock valued at $10,757,000 after buying an additional 17,900 shares during the period. Finally, State Street Corp boosted its position in Quidel Corporation by 4.7% in the fourth quarter. State Street Corp now owns 519,030 shares of the company’s stock valued at $11,117,000 after buying an additional 23,132 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.
Quidel Corporation (NASDAQ QDEL) opened at 25.74 on Friday. The company has a 50-day moving average of $25.01 and a 200 day moving average of $22.27. Quidel Corporation has a 52-week low of $16.63 and a 52-week high of $26.98. The company has a market cap of $854.70 million, a PE ratio of 214.50 and a beta of 1.23.
Quidel Corporation (NASDAQ:QDEL) last issued its earnings results on Monday, April 24th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. Quidel Corporation had a net margin of 1.83% and a return on equity of 1.94%. The firm had revenue of $73.70 million for the quarter, compared to analyst estimates of $61.85 million. During the same quarter last year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 46.5% on a year-over-year basis. Equities research analysts predict that Quidel Corporation will post $0.42 EPS for the current year.
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Several research analysts recently weighed in on the stock. Canaccord Genuity restated a “hold” rating and issued a $25.00 price objective (up previously from $24.50) on shares of Quidel Corporation in a research report on Friday, May 19th. TheStreet upgraded shares of Quidel Corporation from a “d+” rating to a “c-” rating in a research report on Tuesday, April 18th. Zacks Investment Research cut shares of Quidel Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Barclays PLC boosted their price objective on shares of Quidel Corporation from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $24.50.
In other news, CEO Douglas C. Bryant sold 12,000 shares of Quidel Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $25.10, for a total transaction of $301,200.00. Following the transaction, the chief executive officer now owns 296,493 shares in the company, valued at $7,441,974.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas C. Bryant sold 37,080 shares of Quidel Corporation stock in a transaction on Friday, March 31st. The stock was sold at an average price of $22.50, for a total transaction of $834,300.00. Following the transaction, the chief executive officer now owns 297,573 shares in the company, valued at approximately $6,695,392.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,530 shares of company stock worth $5,056,456. 22.00% of the stock is owned by company insiders.
Quidel Corporation Company Profile
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. These diagnostic testing solutions are separated into four product categories: immunoassays, molecular assays, virology and specialty products. The Company sells its products directly to end users and distributors, in each case, for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, universities, retail clinics, pharmacies and wellness screening centers.
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