Cove Street Capital LLC maintained its position in Simulations Plus, Inc. (NASDAQ:SLP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the technology company’s stock at the close of the second quarter. Cove Street Capital LLC owned approximately 0.87% of Simulations Plus worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new position in shares of Simulations Plus in the 2nd quarter valued at about $126,000. New York State Common Retirement Fund purchased a new position in shares of Simulations Plus in the 2nd quarter valued at about $143,000. KCG Holdings Inc. purchased a new position in shares of Simulations Plus in the 1st quarter valued at about $152,000. Blair William & Co. IL purchased a new position in shares of Simulations Plus in the 2nd quarter valued at about $164,000. Finally, Teachers Advisors LLC purchased a new position in shares of Simulations Plus in the 2nd quarter valued at about $239,000. Institutional investors and hedge funds own 32.01% of the company’s stock.

Several equities analysts recently weighed in on SLP shares. Zacks Investment Research upgraded Simulations Plus from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, July 25th. BidaskClub lowered Simulations Plus from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st.

In other Simulations Plus news, CEO Walter S. Woltosz sold 18,500 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $15.07, for a total value of $278,795.00. Following the completion of the transaction, the chief executive officer now directly owns 5,684,916 shares of the company’s stock, valued at $85,671,684.12. The sale was disclosed in a filing with the SEC, which is available at this link. 36.93% of the stock is owned by company insiders.

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Shares of Simulations Plus, Inc. (SLP) remained flat at $15.20 during trading on Monday. 5,801 shares of the stock traded hands. The firm’s 50-day moving average is $14.56 and its 200-day moving average is $12.70. Simulations Plus, Inc. has a 12-month low of $8.10 and a 12-month high of $16.15. The stock has a market capitalization of $262.12 million, a price-to-earnings ratio of 48.25 and a beta of -0.71.

Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings data on Friday, July 14th. The technology company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $6.75 million during the quarter, compared to the consensus estimate of $6.48 million. Simulations Plus had a net margin of 24.86% and a return on equity of 23.21%. On average, equities research analysts expect that Simulations Plus, Inc. will post $0.32 EPS for the current year.

About Simulations Plus

Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.

Institutional Ownership by Quarter for Simulations Plus (NASDAQ:SLP)

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