North Star Investment Management Corp. reduced its position in shares of Sharps Compliance Corp. (NASDAQ:SMED) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 247,425 shares of the industrial products company’s stock after selling 13,000 shares during the period. North Star Investment Management Corp. owned 1.53% of Sharps Compliance worth $906,000 at the end of the most recent quarter.

Separately, Wells Fargo & Company MN increased its holdings in Sharps Compliance by 16.0% during the third quarter. Wells Fargo & Company MN now owns 321,500 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 44,400 shares during the last quarter. Hedge funds and other institutional investors own 20.55% of the company’s stock.

NASDAQ SMED opened at $3.59 on Thursday. Sharps Compliance Corp. has a 52-week low of $2.97 and a 52-week high of $4.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.63 and a quick ratio of 2.02. The stock has a market cap of $58.25 million, a P/E ratio of -89.75, a P/E/G ratio of 3.40 and a beta of 0.16.

Sharps Compliance (NASDAQ:SMED) last posted its quarterly earnings data on Wednesday, January 23rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Sharps Compliance had a negative net margin of 0.13% and a negative return on equity of 0.21%. The business had revenue of $12.39 million during the quarter, compared to the consensus estimate of $11.40 million. During the same quarter last year, the company posted $0.01 earnings per share. On average, equities research analysts anticipate that Sharps Compliance Corp. will post 0.06 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Sharps Compliance from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Saturday, April 6th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $4.33.

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About Sharps Compliance

Sharps Compliance Corp. provides medical, pharmaceutical, and hazardous waste management services in the United States. It offers Sharps Recovery System for the containment, transportation, treatment, and tracking of medical waste and used healthcare materials generated outside the hospital and health care facility settings; TakeAway Medication Recovery System, a solution that facilitates the proper disposal of unused medications; MedSafe, a solution for the safe collection, transportation, and proper disposal of unwanted and expired prescription medications; and ComplianceTRAC, a Web-based compliance and training program.

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Institutional Ownership by Quarter for Sharps Compliance (NASDAQ:SMED)

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