Maxim Group started coverage on shares of SciClone Pharmaceuticals Inc. (NASDAQ:SCLN) in a research report sent to investors on Monday. The firm issued a buy rating and a $14.00 price target on the specialty pharmaceutical company’s stock.

“SciClone is a US-based specialty pharma company with its operating focus on the China pharmaceuticals market.”,” the firm’s analyst commented.

SciClone Pharmaceuticals (NASDAQ:SCLN) opened at 9.95 on Monday. SciClone Pharmaceuticals has a 12 month low of $7.36 and a 12 month high of $15.02. The stock has a market cap of $507.98 million, a PE ratio of 14.21 and a beta of 1.65. The company has a 50-day moving average of $9.76 and a 200-day moving average of $11.20.

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In other news, CFO Wilson Wai-Shun Cheung sold 149,962 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $10.00, for a total value of $1,499,620.00. Following the completion of the sale, the chief financial officer now directly owns 15,064 shares of the company’s stock, valued at $150,640. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Friedhelm Blobel sold 30,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $10.27, for a total transaction of $308,100.00. The disclosure for this sale can be found here. Company insiders own 7.63% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. GWM Advisors LLC purchased a new stake in shares of SciClone Pharmaceuticals during the third quarter worth about $104,000. Mason Street Advisors LLC purchased a new stake in shares of SciClone Pharmaceuticals during the second quarter worth about $127,000. Acrospire Investment Management LLC boosted its stake in shares of SciClone Pharmaceuticals by 190.0% in the third quarter. Acrospire Investment Management LLC now owns 12,782 shares of the specialty pharmaceutical company’s stock worth $131,000 after buying an additional 8,375 shares during the period. Aperio Group LLC boosted its stake in shares of SciClone Pharmaceuticals by 14.7% in the third quarter. Aperio Group LLC now owns 13,183 shares of the specialty pharmaceutical company’s stock worth $135,000 after buying an additional 1,690 shares during the period. Finally, Rational Advisors LLC purchased a new stake in shares of SciClone Pharmaceuticals during the second quarter worth about $140,000. 75.68% of the stock is owned by hedge funds and other institutional investors.

About SciClone Pharmaceuticals

SciClone Pharmaceuticals, Inc is a pharmaceutical company. The Company’s product portfolio of therapies includes oncology, infectious diseases and cardiovascular disorders. The Company operates in two segments: China and the Rest of the World, including its operations in the United States and Hong Kong.

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