Heartland Advisors Inc. increased its position in Sharps Compliance Corp. (NASDAQ:SMED) by 65.3% during the third quarter, Holdings Channel reports. The institutional investor owned 562,800 shares of the company’s stock after buying an additional 222,290 shares during the period. Heartland Advisors Inc.’s holdings in Sharps Compliance Corp. were worth $2,465,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Oxford Asset Management raised its stake in shares of Sharps Compliance Corp. by 210.3% in the second quarter. Oxford Asset Management now owns 33,853 shares of the company’s stock valued at $149,000 after buying an additional 22,943 shares during the period. Goodman Financial Corp raised its stake in shares of Sharps Compliance Corp. by 6.7% in the second quarter. Goodman Financial Corp now owns 821,849 shares of the company’s stock valued at $3,608,000 after buying an additional 51,454 shares during the period. Anderson Hoagland & Co. raised its stake in shares of Sharps Compliance Corp. by 171.1% in the second quarter. Anderson Hoagland & Co. now owns 84,610 shares of the company’s stock valued at $371,000 after buying an additional 53,404 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Sharps Compliance Corp. during the third quarter valued at about $278,000. Finally, Ranger Investment Management L.P. raised its stake in shares of Sharps Compliance Corp. by 26.3% in the second quarter. Ranger Investment Management L.P. now owns 268,990 shares of the company’s stock valued at $1,181,000 after buying an additional 56,060 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

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

Shares of Sharps Compliance Corp. (NASDAQ:SMED) traded down 0.24% during trading on Tuesday, reaching $4.21. 30,901 shares of the company’s stock traded hands. The company has a 50 day moving average price of $4.09 and a 200-day moving average price of $4.52. Sharps Compliance Corp. has a one year low of $3.32 and a one year high of $9.77. The stock’s market cap is $66.96 million.

Sharps Compliance Corp. (NASDAQ:SMED) last announced its quarterly earnings data on Wednesday, October 26th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The company earned $9.50 million during the quarter, compared to analysts’ expectations of $9.52 million. Sharps Compliance Corp. had a negative net margin of 3.35% and a negative return on equity of 1.48%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. On average, equities research analysts expect that Sharps Compliance Corp. will post $0.03 EPS for the current fiscal year.

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Several analysts recently issued reports on the stock. First Analysis lowered shares of Sharps Compliance Corp. from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $9.00 to $6.00 in a research report on Friday, August 12th. Zacks Investment Research lowered shares of Sharps Compliance Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $7.50.

About Sharps Compliance Corp.

Sharps Compliance Corp. is a service provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions facilitate the proper collection, containment, transportation and treatment of numerous types of healthcare-related materials, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps, and unused consumer dispensed medications and over-the-counter drugs.

5 Day Chart for NASDAQ:SMED

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