Smart Global Holdings Inc (SGH) VP Bruce M. Goldberg Sells 2,500 Shares
Smart Global Holdings Inc (NASDAQ:SGH) VP Bruce M. Goldberg sold 2,500 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $43.20, for a total value of $108,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Smart Global stock traded down $2.81 during midday trading on Thursday, reaching $44.07. The company’s stock had a trading volume of 1,262,293 shares, compared to its average volume of 474,204. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.97 and a current ratio of 1.43. Smart Global Holdings Inc has a fifty-two week low of $11.50 and a fifty-two week high of $47.72.
Smart Global (NASDAQ:SGH) last announced its earnings results on Thursday, December 21st. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $265.40 million during the quarter, compared to the consensus estimate of $255.03 million. The business’s quarterly revenue was up 66.6% on a year-over-year basis. research analysts forecast that Smart Global Holdings Inc will post 4.76 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA bought a new position in shares of Smart Global during the 4th quarter valued at about $101,000. SG Americas Securities LLC bought a new position in shares of Smart Global during the 3rd quarter valued at about $103,000. Tower Research Capital LLC TRC increased its position in shares of Smart Global by 2,373.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,798 shares of the company’s stock valued at $162,000 after purchasing an additional 4,604 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Smart Global during the 3rd quarter valued at about $133,000. Finally, Acadian Asset Management LLC bought a new position in shares of Smart Global during the 4th quarter valued at about $193,000. Institutional investors and hedge funds own 87.00% of the company’s stock.
Smart Global Company Profile
Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.
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