TRUE Private Wealth Advisors Buys New Holdings in Corcept Therapeutics Incorporated (CORT)
TRUE Private Wealth Advisors bought a new position in shares of Corcept Therapeutics Incorporated (NASDAQ:CORT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,410 shares of the biotechnology company’s stock, valued at approximately $314,000.
Other large investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its stake in Corcept Therapeutics by 3.6% in the 2nd quarter. California Public Employees Retirement System now owns 148,200 shares of the biotechnology company’s stock worth $1,749,000 after purchasing an additional 5,200 shares in the last quarter. Rhumbline Advisers increased its stake in Corcept Therapeutics by 21.5% in the 2nd quarter. Rhumbline Advisers now owns 87,672 shares of the biotechnology company’s stock worth $1,035,000 after purchasing an additional 15,494 shares in the last quarter. Shaker Investments LLC OH purchased a new position in Corcept Therapeutics in the 3rd quarter worth about $2,202,000. Sei Investments Co. increased its stake in Corcept Therapeutics by 344.8% in the 3rd quarter. Sei Investments Co. now owns 17,562 shares of the biotechnology company’s stock worth $339,000 after purchasing an additional 13,614 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Corcept Therapeutics by 46.2% in the 2nd quarter. Voya Investment Management LLC now owns 41,598 shares of the biotechnology company’s stock worth $491,000 after purchasing an additional 13,145 shares in the last quarter. 64.64% of the stock is currently owned by hedge funds and other institutional investors.
In other Corcept Therapeutics news, Director G Leonard Baker, Jr. sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $17.59, for a total transaction of $527,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert S. Fishman sold 8,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $16.72, for a total value of $133,760.00. Following the sale, the insider now owns 8,000 shares of the company’s stock, valued at $133,760. The disclosure for this sale can be found here. Insiders have sold a total of 46,000 shares of company stock valued at $810,820 over the last 90 days. Corporate insiders own 19.20% of the company’s stock.
Corcept Therapeutics Incorporated (CORT) opened at $23.98 on Friday. The firm has a market capitalization of $2,691.05, a PE ratio of 82.69 and a beta of 1.89. Corcept Therapeutics Incorporated has a 12 month low of $6.70 and a 12 month high of $24.02.
Corcept Therapeutics (NASDAQ:CORT) last announced its quarterly earnings data on Thursday, November 2nd. The biotechnology company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Corcept Therapeutics had a return on equity of 58.17% and a net margin of 27.28%. The business had revenue of $42.70 million for the quarter, compared to analyst estimates of $41.64 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The company’s revenue was up 96.8% compared to the same quarter last year. sell-side analysts anticipate that Corcept Therapeutics Incorporated will post 0.47 earnings per share for the current year.
Corcept Therapeutics Company Profile
Corcept Therapeutics Incorporated is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. The Company is developing mifepristone, a compound that modulates the effects of cortisol by acting as a competitive antagonist at the glucocorticoid receptor (GR).
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