Alps Advisors Inc. Acquires 3,546 Shares of Pacira Pharmaceuticals, Inc. (PCRX)
Alps Advisors Inc. grew its holdings in Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) by 9.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,731 shares of the company’s stock after purchasing an additional 3,546 shares during the period. Alps Advisors Inc. owned about 0.10% of Pacira Pharmaceuticals worth $1,492,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of PCRX. Oppenheimer Asset Management Inc. acquired a new stake in shares of Pacira Pharmaceuticals in the second quarter valued at approximately $114,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Pacira Pharmaceuticals by 12.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,794 shares of the company’s stock valued at $133,000 after purchasing an additional 303 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Pacira Pharmaceuticals by 121.5% in the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock valued at $152,000 after purchasing an additional 1,752 shares during the last quarter. QS Investors LLC acquired a new stake in shares of Pacira Pharmaceuticals in the second quarter valued at approximately $157,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Pacira Pharmaceuticals by 9.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,449 shares of the company’s stock valued at $165,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 99.64% of the company’s stock.
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) traded up $1.90 during mid-day trading on Monday, reaching $42.05. 787,300 shares of the company’s stock were exchanged, compared to its average volume of 840,020. The company has a debt-to-equity ratio of 1.03, a current ratio of 6.99 and a quick ratio of 6.24. Pacira Pharmaceuticals, Inc. has a 1 year low of $29.81 and a 1 year high of $58.95.
Pacira Pharmaceuticals (NASDAQ:PCRX) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative net margin of 18.25% and a negative return on equity of 13.77%. The firm had revenue of $67.30 million during the quarter, compared to analysts’ expectations of $68.99 million. During the same period in the previous year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts anticipate that Pacira Pharmaceuticals, Inc. will post -0.96 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Pacira Pharmaceuticals from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Pacira Pharmaceuticals in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a $56.00 price objective on shares of Pacira Pharmaceuticals in a report on Monday, July 31st. ValuEngine downgraded shares of Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, HC Wainwright set a $59.00 price objective on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.71.
In other news, Director Paul J. Hastings sold 1,044 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $36.15, for a total value of $37,740.60. Following the completion of the sale, the director now owns 3,518 shares of the company’s stock, valued at $127,175.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Kristen Marie Williams sold 3,461 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $36.75, for a total transaction of $127,191.75. Following the completion of the sale, the chief accounting officer now directly owns 21,312 shares of the company’s stock, valued at approximately $783,216. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,390 shares of company stock valued at $1,215,480. Company insiders own 6.60% of the company’s stock.
About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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