Aveo Capital Partners LLC boosted its stake in shares of ARCA biopharma, Inc. (NASDAQ:ABIO) by 93.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,667 shares of the biopharmaceutical company’s stock after buying an additional 45,322 shares during the period. Aveo Capital Partners LLC owned about 1.01% of ARCA biopharma worth $225,000 at the end of the most recent quarter.

ARCA biopharma, Inc. (NASDAQ:ABIO) opened at 1.825 on Wednesday. The firm’s market capitalization is $16.87 million. ARCA biopharma, Inc. has a 52 week low of $1.65 and a 52 week high of $3.12. The firm has a 50-day moving average of $2.35 and a 200 day moving average of $2.45.

ARCA biopharma (NASDAQ:ABIO) last posted its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.59) earnings per share (EPS) for the quarter. Analysts predict that ARCA biopharma, Inc. will post ($1.75) earnings per share for the current year.

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About ARCA biopharma

ARCA biopharma, Inc (ARCA) is a biopharmaceutical company. The Company is principally focused on developing genetically-targeted therapies for cardiovascular diseases. The Company’s lead product candidate is Gencaro (bucindolol hydrochloride), a beta-blocker and mild vasodilator that the Company is evaluating in a clinical trial for the treatment of atrial fibrillation (AF) in patients with heart failure with reduced left ventricular ejection fraction (HFREF).

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