GRT Capital Partners L.L.C. Purchases New Position in Galmed Pharmaceuticals Ltd. (GLMD)
GRT Capital Partners L.L.C. purchased a new position in shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,314 shares of the biopharmaceutical company’s stock, valued at approximately $114,000. GRT Capital Partners L.L.C. owned about 0.15% of Galmed Pharmaceuticals as of its most recent SEC filing.
Separately, KCG Holdings Inc. bought a new position in Galmed Pharmaceuticals in the 1st quarter worth approximately $100,000. Hedge funds and other institutional investors own 8.32% of the company’s stock.
Several research firms recently commented on GLMD. Maxim Group reaffirmed a “buy” rating and issued a $14.00 price objective (up from $9.00) on shares of Galmed Pharmaceuticals in a report on Monday, July 31st. Zacks Investment Research raised shares of Galmed Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, August 2nd. HC Wainwright lifted their price objective on shares of Galmed Pharmaceuticals from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised shares of Galmed Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Saturday, June 17th.
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Galmed Pharmaceuticals Ltd. (NASDAQ GLMD) opened at 7.83 on Friday. The stock’s market cap is $95.67 million. The firm has a 50 day moving average of $7.78 and a 200-day moving average of $6.01. Galmed Pharmaceuticals Ltd. has a 52-week low of $2.78 and a 52-week high of $8.87.
Galmed Pharmaceuticals (NASDAQ:GLMD) last announced its earnings results on Monday, July 31st. The biopharmaceutical company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.11. Galmed Pharmaceuticals had a negative net margin of 1,443.98% and a negative return on equity of 141.13%. The business had revenue of $0.27 million for the quarter, compared to the consensus estimate of $0.29 million. Equities analysts anticipate that Galmed Pharmaceuticals Ltd. will post ($0.94) earnings per share for the current fiscal year.
Galmed Pharmaceuticals Company Profile
Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.
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