Summer Infant, Inc. (SUMR) Major Shareholder Wynnefield Partners Small Cap Buys 15,000 Shares
Summer Infant, Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap purchased 15,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of $1.86 per share, for a total transaction of $27,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Wynnefield Partners Small Cap also recently made the following trade(s):
- On Thursday, May 25th, Wynnefield Partners Small Cap purchased 185,000 shares of Summer Infant stock. The shares were bought at an average price of $1.78 per share, for a total transaction of $329,300.00.
- On Tuesday, May 23rd, Wynnefield Partners Small Cap purchased 425,774 shares of Summer Infant stock. The shares were bought at an average price of $1.75 per share, for a total transaction of $745,104.50.
Summer Infant, Inc. (NASDAQ SUMR) traded down 1.07% during mid-day trading on Wednesday, hitting $1.85. 29,856 shares of the stock were exchanged. The firm’s market cap is $34.39 million. Summer Infant, Inc. has a 52-week low of $1.65 and a 52-week high of $2.44. The company has a 50 day moving average price of $1.76 and a 200 day moving average price of $1.84.
Summer Infant (NASDAQ:SUMR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Summer Infant had a negative net margin of 1.82% and a positive return on equity of 0.56%. The firm had revenue of $52.58 million during the quarter, compared to the consensus estimate of $46.33 million. On average, analysts anticipate that Summer Infant, Inc. will post $0.14 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in SUMR. Wynnefield Capital Inc. increased its stake in Summer Infant by 1.9% in the first quarter. Wynnefield Capital Inc. now owns 5,789,794 shares of the company’s stock valued at $11,000,000 after buying an additional 110,000 shares during the period. Tiemann Investment Advisors LLC acquired a new stake in Summer Infant during the first quarter valued at approximately $331,000. Finally, Renaissance Technologies LLC increased its stake in Summer Infant by 4.4% in the first quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock valued at $418,000 after buying an additional 9,300 shares during the period. Hedge funds and other institutional investors own 50.00% of the company’s stock.
A number of research analysts have issued reports on SUMR shares. Zacks Investment Research upgraded shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Tuesday, July 18th. FBR & Co restated an “outperform” rating and set a $2.50 price target on shares of Summer Infant in a research note on Tuesday, July 11th. Finally, ValuEngine lowered shares of Summer Infant from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd.
About Summer Infant
Summer Infant, Inc is an infant and juvenile products company. The Company is engaged in the juvenile industry, providing mothers and caregivers a range of products to care for babies and toddlers. As of December 31, 2016, it marketed over 1,100 products in several product categories, including monitoring, safety, nursery, baby gear and feeding products.
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