Acadian Asset Management LLC Takes $174,000 Position in Opiant Pharmaceuticals Inc (OPNT)
Acadian Asset Management LLC purchased a new stake in shares of Opiant Pharmaceuticals Inc (NASDAQ:OPNT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,577 shares of the technology company’s stock, valued at approximately $174,000. Acadian Asset Management LLC owned approximately 0.37% of Opiant Pharmaceuticals at the end of the most recent reporting period.
In related news, major shareholder Geoffrey Wolf sold 2,570 shares of Opiant Pharmaceuticals stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $30.40, for a total value of $78,128.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 63.82% of the stock is owned by company insiders.
OPNT has been the subject of several analyst reports. TheStreet downgraded Opiant Pharmaceuticals from a “c+” rating to a “d+” rating in a report on Monday, December 11th. ValuEngine downgraded Opiant Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th.
Opiant Pharmaceuticals (NASDAQ:OPNT) last issued its quarterly earnings results on Monday, December 4th. The technology company reported ($2.77) earnings per share for the quarter, missing the consensus estimate of ($1.19) by ($1.58). Opiant Pharmaceuticals had a net margin of 8.93% and a return on equity of 42.44%. The company had revenue of $0.02 million for the quarter. equities analysts forecast that Opiant Pharmaceuticals Inc will post 0.17 EPS for the current fiscal year.
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Opiant Pharmaceuticals Profile
Opiant Pharmaceuticals, Inc, formerly Lightlake Therapeutics, Inc, is a specialty pharmaceutical company. The Company develops pharmacological treatments for substance use, addictive and eating disorders. The Company has developed NARCAN (naloxone hydrochloride) Nasal Spray, a treatment to reverse opioid overdoses, which was conceived, licensed, developed and approved by the United States Food and Drug Administration (FDA).
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