Sucampo Pharmaceuticals, Inc. (SCMP) Given “Hold” Rating at Mizuho
Mizuho reiterated their hold rating on shares of Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) in a research note issued to investors on Wednesday. The brokerage currently has a $12.00 price target on the biopharmaceutical company’s stock.
Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Sucampo Pharmaceuticals from a strong sell rating to a hold rating in a report on Tuesday, July 4th. UBS AG lowered their price target on shares of Sucampo Pharmaceuticals from $19.00 to $15.00 and set a buy rating for the company in a report on Thursday, October 12th. TheStreet cut shares of Sucampo Pharmaceuticals from a c+ rating to a d rating in a report on Wednesday, August 2nd. Maxim Group set a $23.00 price target on shares of Sucampo Pharmaceuticals and gave the stock a buy rating in a report on Wednesday, August 2nd. Finally, Leerink Swann initiated coverage on shares of Sucampo Pharmaceuticals in a report on Monday, August 21st. They set an outperform rating and a $15.00 price target for the company. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $16.50.
Sucampo Pharmaceuticals (NASDAQ:SCMP) last posted its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Sucampo Pharmaceuticals had a negative net margin of 61.99% and a positive return on equity of 56.58%. The company had revenue of $61.27 million during the quarter, compared to analysts’ expectations of $58.05 million. During the same quarter in the previous year, the business posted $0.30 EPS. The firm’s revenue was up 5.9% on a year-over-year basis.
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In related news, insider Jones W. Bryan bought 4,700 shares of the stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of $10.60 per share, for a total transaction of $49,820.00. Following the acquisition, the insider now owns 4,700 shares in the company, valued at approximately $49,820. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason Patrick Meyenburg bought 4,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was bought at an average price of $12.13 per share, with a total value of $48,520.00. Following the acquisition, the insider now owns 30,228 shares in the company, valued at approximately $366,665.64. The disclosure for this purchase can be found here. Corporate insiders own 4.13% of the company’s stock.
Several institutional investors have recently modified their holdings of SCMP. Louisiana State Employees Retirement System boosted its holdings in shares of Sucampo Pharmaceuticals by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the biopharmaceutical company’s stock valued at $107,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of Sucampo Pharmaceuticals in the 2nd quarter valued at $116,000. JPMorgan Chase & Co. acquired a new position in shares of Sucampo Pharmaceuticals in the 2nd quarter valued at $117,000. Karp Capital Management Corp acquired a new position in shares of Sucampo Pharmaceuticals in the 1st quarter valued at $119,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Sucampo Pharmaceuticals in the 2nd quarter valued at $122,000. Institutional investors and hedge funds own 55.54% of the company’s stock.
About Sucampo Pharmaceuticals
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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