Beach Point Capital Management LP Has $980,000 Stake in Kadmon Holdings Inc (NASDAQ:KDMN)
Beach Point Capital Management LP held its position in Kadmon Holdings Inc (NASDAQ:KDMN) during the second quarter, Holdings Channel reports. The institutional investor owned 252,015 shares of the company’s stock at the end of the second quarter. Kadmon Holdings makes up about 0.2% of Beach Point Capital Management LP’s portfolio, making the stock its 19th largest position. Beach Point Capital Management LP’s holdings in Kadmon Holdings were worth $980,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. KCG Holdings Inc. bought a new position in Kadmon Holdings during the first quarter valued at $124,000. Renaissance Technologies LLC bought a new position in Kadmon Holdings during the first quarter valued at $158,000. Bank of New York Mellon Corp increased its position in Kadmon Holdings by 302.3% in the first quarter. Bank of New York Mellon Corp now owns 46,304 shares of the company’s stock valued at $167,000 after buying an additional 34,794 shares during the period. Wells Fargo & Company MN increased its position in Kadmon Holdings by 84.8% in the first quarter. Wells Fargo & Company MN now owns 51,291 shares of the company’s stock valued at $186,000 after buying an additional 23,541 shares during the period. Finally, Nationwide Fund Advisors bought a new position in Kadmon Holdings during the first quarter valued at $192,000.
Kadmon Holdings Inc (NASDAQ KDMN) opened at 2.21 on Friday. The stock’s market capitalization is $114.58 million. The stock has a 50 day moving average price of $3.09 and a 200 day moving average price of $3.18. Kadmon Holdings Inc has a 12 month low of $2.05 and a 12 month high of $10.48.
Kadmon Holdings (NASDAQ:KDMN) last posted its earnings results on Thursday, August 3rd. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.05. The firm had revenue of $3 million for the quarter, compared to analysts’ expectations of $3.46 million. During the same period in the previous year, the company earned ($4.40) earnings per share. The company’s revenue was down 53.1% compared to the same quarter last year. Equities analysts predict that Kadmon Holdings Inc will post ($1.58) EPS for the current fiscal year.
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Several research firms recently weighed in on KDMN. ValuEngine downgraded Kadmon Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies set a $7.00 target price on Kadmon Holdings and gave the company a “buy” rating in a research report on Wednesday, August 2nd. HC Wainwright reiterated a “buy” rating and set a $25.00 target price on shares of Kadmon Holdings in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded Kadmon Holdings from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.93.
In other news, major shareholder Goldentree Asset Management Lp sold 349,661 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $2.60, for a total transaction of $909,118.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have bought 14,707 shares of company stock worth $34,294 and have sold 1,840,331 shares worth $6,193,607.
Kadmon Holdings Company Profile
Kadmon Holdings, Inc is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of various unmet medical needs. The Company is developing product candidates in a number of indications within autoimmune and fibrotic disease, oncology and genetic diseases.
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