Insider Selling: Orthofix International N.V. (OFIX) CFO Sells 7,353 Shares of Stock
Orthofix International N.V. (NASDAQ:OFIX) CFO Rice Doug sold 7,353 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $49.46, for a total transaction of $363,679.38. Following the completion of the sale, the chief financial officer now owns 44,743 shares in the company, valued at approximately $2,212,988.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Orthofix International N.V. (OFIX) traded down 1.56% during midday trading on Wednesday, reaching $48.73. 44,452 shares of the company’s stock traded hands. The stock has a market cap of $885.42 million, a P/E ratio of 114.12 and a beta of 0.22. The company’s 50-day moving average price is $47.23 and its 200-day moving average price is $42.73. Orthofix International N.V. has a 52-week low of $32.51 and a 52-week high of $50.40.
Orthofix International N.V. (NASDAQ:OFIX) last announced its earnings results on Monday, August 7th. The medical device company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $102.94 million. Orthofix International N.V. had a net margin of 1.88% and a return on equity of 9.96%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. On average, equities analysts predict that Orthofix International N.V. will post $1.56 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Orthofix International N.V. by 23.5% during the 1st quarter. Ameriprise Financial Inc. now owns 423,655 shares of the medical device company’s stock worth $16,162,000 after buying an additional 80,710 shares during the last quarter. Paradice Investment Management LLC acquired a new position in shares of Orthofix International N.V. during the 2nd quarter worth about $6,642,000. OppenheimerFunds Inc. acquired a new position in shares of Orthofix International N.V. during the 1st quarter worth about $305,000. Blair William & Co. IL acquired a new position in shares of Orthofix International N.V. during the 2nd quarter worth about $1,301,000. Finally, NorthCoast Asset Management LLC boosted its stake in shares of Orthofix International N.V. by 26.9% during the 2nd quarter. NorthCoast Asset Management LLC now owns 92,952 shares of the medical device company’s stock worth $4,320,000 after buying an additional 19,691 shares during the last quarter. Institutional investors own 94.43% of the company’s stock.
OFIX has been the topic of a number of recent research reports. Ladenburg Thalmann Financial Services initiated coverage on shares of Orthofix International N.V. in a report on Wednesday, June 14th. They set a “buy” rating and a $53.25 price target on the stock. SunTrust Banks, Inc. initiated coverage on shares of Orthofix International N.V. in a report on Tuesday, May 23rd. They set a “buy” rating and a $49.00 price target on the stock. Zacks Investment Research upgraded shares of Orthofix International N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub lowered shares of Orthofix International N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BTIG Research initiated coverage on shares of Orthofix International N.V. in a report on Wednesday, June 21st. They set a “buy” rating and a $52.00 price target on the stock. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $52.75.
Orthofix International N.V. Company Profile
Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.
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