StemlineTherapeutics Inc. (STML) Shares Bought by BlackRock Inc.
BlackRock Inc. raised its position in shares of StemlineTherapeutics Inc. (NASDAQ:STML) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,406,181 shares of the biopharmaceutical company’s stock after purchasing an additional 83,044 shares during the period. BlackRock Inc. owned about 4.85% of StemlineTherapeutics worth $21,936,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in StemlineTherapeutics by 40.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,279 shares of the biopharmaceutical company’s stock valued at $178,000 after purchasing an additional 5,522 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in StemlineTherapeutics by 17.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 47,025 shares of the biopharmaceutical company’s stock valued at $734,000 after purchasing an additional 6,825 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in StemlineTherapeutics during the 4th quarter valued at $189,000. Bank of New York Mellon Corp raised its position in StemlineTherapeutics by 23.1% during the 4th quarter. Bank of New York Mellon Corp now owns 100,813 shares of the biopharmaceutical company’s stock valued at $1,573,000 after purchasing an additional 18,899 shares in the last quarter. Finally, C WorldWide Group Holding A S raised its position in StemlineTherapeutics by 22.1% during the 4th quarter. C WorldWide Group Holding A S now owns 195,437 shares of the biopharmaceutical company’s stock valued at $3,049,000 after purchasing an additional 35,437 shares in the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Ivan Bergstein sold 3,820 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.80, for a total transaction of $60,356.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Gionco sold 4,250 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $13.43, for a total value of $57,077.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,378 shares of company stock worth $2,432,553. 15.70% of the stock is owned by company insiders.
StemlineTherapeutics (NASDAQ:STML) last released its quarterly earnings results on Friday, March 16th. The biopharmaceutical company reported ($0.93) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.26). StemlineTherapeutics had a negative return on equity of 94.70% and a negative net margin of 4,689.63%. research analysts anticipate that StemlineTherapeutics Inc. will post -2.82 earnings per share for the current year.
Several research firms have recently commented on STML. HC Wainwright reissued a “buy” rating and issued a $38.00 price target on shares of StemlineTherapeutics in a research report on Friday, February 2nd. ValuEngine raised StemlineTherapeutics from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered StemlineTherapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, BidaskClub raised StemlineTherapeutics from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. StemlineTherapeutics has an average rating of “Buy” and a consensus target price of $31.33.
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StemlineTherapeutics Company Profile
Stemline Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on the discovery, acquisition, development, and commercialization of proprietary oncology therapeutics in the United States and internationally. The company develops SL-401, a targeted therapy directed to the interleukin-3 receptor (IL-3R), which has completed Phase II clinical trial for patients with blastic plasmacytoid dendritic cell neoplasm; is in Phase I/II clinical trials for patients with myeloproliferative neoplasms, chronic myelomonocytic leukemia, myelofibrosis, and acute myeloid leukemia; and is in Phase I clinical trial in combination with other agents for patients with relapsed/refractory multiple myeloma.
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