Twin Tree Management LP Takes $36,000 Position in BioMarin Pharmaceutical Inc. (BMRN)
Twin Tree Management LP acquired a new stake in BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) in the first quarter, HoldingsChannel reports. The institutional investor acquired 401 shares of the biotechnology company’s stock, valued at approximately $36,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Doyle Wealth Management bought a new position in BioMarin Pharmaceutical during the 4th quarter worth about $26,000. Rational Advisors LLC increased its holdings in BioMarin Pharmaceutical by 3,211.1% during the 1st quarter. Rational Advisors LLC now owns 298 shares of the biotechnology company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in BioMarin Pharmaceutical by 49.6% during the 4th quarter. Commonwealth Bank of Australia now owns 350 shares of the biotechnology company’s stock worth $29,000 after purchasing an additional 116 shares in the last quarter. Lindbrook Capital LLC bought a new position in BioMarin Pharmaceutical during the 4th quarter worth about $30,000. Finally, PRW Wealth Management LLC bought a new position in BioMarin Pharmaceutical during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 98.48% of the company’s stock.
In related news, insider Henry J. Fuchs sold 9,597 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $94.09, for a total value of $902,981.73. Following the completion of the sale, the insider now directly owns 133,061 shares in the company, valued at approximately $12,519,709.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jean Jacques Bienaime sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $90.78, for a total transaction of $363,120.00. Following the completion of the sale, the chief executive officer now owns 332,701 shares of the company’s stock, valued at $30,202,596.78. The disclosure for this sale can be found here. Insiders sold a total of 93,815 shares of company stock valued at $8,369,268 over the last quarter. 1.97% of the stock is currently owned by company insiders.
NASDAQ:BMRN traded up $0.77 during mid-day trading on Monday, hitting $83.01. The stock had a trading volume of 39,279 shares, compared to its average volume of 1,517,737. BioMarin Pharmaceutical Inc. has a twelve month low of $79.13 and a twelve month high of $106.74. The company has a market capitalization of $14.73 billion, a P/E ratio of -251.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.76 and a current ratio of 3.83.
BioMarin Pharmaceutical (NASDAQ:BMRN) last issued its earnings results on Thursday, April 25th. The biotechnology company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. BioMarin Pharmaceutical had a negative net margin of 5.90% and a negative return on equity of 2.97%. The business had revenue of $400.70 million during the quarter, compared to the consensus estimate of $389.95 million. During the same period last year, the business posted $0.12 EPS. BioMarin Pharmaceutical’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that BioMarin Pharmaceutical Inc. will post -0.04 earnings per share for the current year.
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BioMarin Pharmaceutical Profile
BioMarin Pharmaceutical Inc, a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. Its commercial products include Aldurazyme to treat mucopolysaccharidosis I, a genetic disease; Brineura for the treatment of late infantile neuronal ceroid lipofuscinosis type 2, a form of Batten disease; and Kuvan, a proprietary synthetic oral form of 6R-BH4 that is used to treat patients with phenylketonuria (PKU), an inherited metabolic disease.
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