Simulations Plus, Inc. Announces Quarterly Dividend of $0.06 (SLP)
Simulations Plus, Inc. (NASDAQ:SLP) announced a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Shareholders of record on Friday, January 26th will be paid a dividend of 0.06 per share by the technology company on Friday, February 2nd. This represents a $0.24 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 25th.
Shares of Simulations Plus (NASDAQ:SLP) opened at $16.00 on Thursday. Simulations Plus has a 52 week low of $9.45 and a 52 week high of $17.45. The company has a market capitalization of $277.42, a price-to-earnings ratio of 45.71 and a beta of -0.76.
Simulations Plus (NASDAQ:SLP) last issued its earnings results on Tuesday, January 9th. The technology company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Simulations Plus had a return on equity of 24.56% and a net margin of 23.78%. analysts expect that Simulations Plus will post 0.39 EPS for the current year.
Several brokerages have commented on SLP. BidaskClub upgraded Simulations Plus from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research downgraded Simulations Plus from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd.
In other news, CEO Walter S. Woltosz sold 18,500 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $16.25, for a total value of $300,625.00. Following the transaction, the chief executive officer now directly owns 5,502,416 shares in the company, valued at approximately $89,414,260. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 74,000 shares of company stock worth $1,196,025. Company insiders own 33.45% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in Simulations Plus by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,085 shares during the period. California State Teachers Retirement System bought a new position in Simulations Plus in the 2nd quarter worth $240,000. Finally, State Street Corp raised its holdings in Simulations Plus by 432.6% in the 2nd quarter. State Street Corp now owns 131,012 shares of the technology company’s stock worth $1,617,000 after purchasing an additional 106,412 shares during the period. Hedge funds and other institutional investors own 33.54% of the company’s stock.
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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.
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