9,557 Shares in Pacira Pharmaceuticals Inc (PCRX) Purchased by Worth Venture Partners LLC
Worth Venture Partners LLC purchased a new stake in Pacira Pharmaceuticals Inc (NASDAQ:PCRX) in the fourth quarter, HoldingsChannel reports. The firm purchased 9,557 shares of the company’s stock, valued at approximately $436,000.
Several other hedge funds also recently made changes to their positions in the company. Mesirow Financial Investment Management Equity Management bought a new stake in Pacira Pharmaceuticals during the 3rd quarter worth approximately $14,671,000. Stonepine Capital Management LLC bought a new stake in Pacira Pharmaceuticals during the 3rd quarter worth approximately $14,089,000. Epoch Investment Partners Inc. increased its stake in Pacira Pharmaceuticals by 195.7% during the 3rd quarter. Epoch Investment Partners Inc. now owns 535,999 shares of the company’s stock worth $20,127,000 after purchasing an additional 354,728 shares in the last quarter. BlackRock Inc. increased its stake in Pacira Pharmaceuticals by 9.2% during the 2nd quarter. BlackRock Inc. now owns 3,478,281 shares of the company’s stock worth $165,914,000 after purchasing an additional 294,494 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Pacira Pharmaceuticals by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,072,074 shares of the company’s stock worth $146,538,000 after purchasing an additional 211,982 shares in the last quarter.
In other news, CEO David M. Stack sold 58,885 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $38.34, for a total value of $2,257,650.90. Following the completion of the sale, the chief executive officer now owns 159,164 shares of the company’s stock, valued at approximately $6,102,347.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Kronenfeld acquired 1,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $41.60 per share, with a total value of $41,600.00. Following the acquisition, the director now owns 6,795 shares in the company, valued at approximately $282,672. The disclosure for this purchase can be found here. In the last three months, insiders sold 98,960 shares of company stock valued at $3,868,341. 6.60% of the stock is currently owned by insiders.
Pacira Pharmaceuticals (NASDAQ:PCRX) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.15. The company had revenue of $67.30 million during the quarter, compared to the consensus estimate of $68.99 million. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. equities analysts predict that Pacira Pharmaceuticals Inc will post -0.86 EPS for the current fiscal year.
A number of research firms recently issued reports on PCRX. Canaccord Genuity lowered their target price on Pacira Pharmaceuticals from $46.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday. BidaskClub downgraded Pacira Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Seaport Global Securities started coverage on Pacira Pharmaceuticals in a research report on Friday, January 19th. They set a “buy” rating and a $50.00 price target for the company. ValuEngine raised Pacira Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. Pacira Pharmaceuticals has a consensus rating of “Hold” and an average price target of $48.82.
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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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