Spark Investment Management LLC Buys 7,300 Shares of SeaSpine Holdings Corporation (NASDAQ:SPNE)
Spark Investment Management LLC increased its position in shares of SeaSpine Holdings Corporation (NASDAQ:SPNE) by 14.4% during the second quarter, Holdings Channel reports. The firm owned 58,000 shares of the medical equipment provider’s stock after buying an additional 7,300 shares during the period. Spark Investment Management LLC’s holdings in SeaSpine Holdings Corporation were worth $668,000 at the end of the most recent quarter.
Separately, Russell Investments Group Ltd. boosted its position in SeaSpine Holdings Corporation by 120.8% in the second quarter. Russell Investments Group Ltd. now owns 244,247 shares of the medical equipment provider’s stock worth $2,814,000 after buying an additional 133,625 shares in the last quarter. Institutional investors and hedge funds own 48.46% of the company’s stock.
SeaSpine Holdings Corporation (SPNE) opened at 11.81 on Friday. The stock’s market capitalization is $148.23 million. The company has a 50-day moving average price of $11.94 and a 200-day moving average price of $9.18. SeaSpine Holdings Corporation has a 12-month low of $6.31 and a 12-month high of $13.46.
A number of research analysts recently commented on SPNE shares. HC Wainwright started coverage on SeaSpine Holdings Corporation in a report on Monday, July 10th. They issued a “buy” rating and a $15.00 price target on the stock. ValuEngine raised SeaSpine Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BTIG Research started coverage on SeaSpine Holdings Corporation in a report on Tuesday, June 20th. They issued a “buy” rating on the stock.
SeaSpine Holdings Corporation Company Profile
SeaSpine Holdings Corporation is a medical technology company. The Company is focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. The Company operates through the development, manufacture and marketing of orthobiologics and spinal fusion hardware segment.
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