Alvin D. Howard Sells 3,375 Shares of Foamix Pharmaceuticals Ltd (FOMX) Stock
Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) VP Alvin D. Howard sold 3,375 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $3.90, for a total transaction of $13,162.50. Following the sale, the vice president now directly owns 38,414 shares in the company, valued at approximately $149,814.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
FOMX traded up $0.11 during midday trading on Tuesday, reaching $3.80. 14,305 shares of the company’s stock were exchanged, compared to its average volume of 797,963. The stock has a market cap of $212.25 million, a P/E ratio of -2.16 and a beta of 2.10. Foamix Pharmaceuticals Ltd has a 1-year low of $3.65 and a 1-year high of $7.60.
Foamix Pharmaceuticals (NASDAQ:FOMX) last announced its earnings results on Wednesday, November 7th. The specialty pharmaceutical company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.07). The business had revenue of $0.87 million for the quarter, compared to analyst estimates of $1.10 million. Foamix Pharmaceuticals had a negative return on equity of 118.29% and a negative net margin of 2,049.92%. Research analysts predict that Foamix Pharmaceuticals Ltd will post -1.65 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. ARK Investment Management LLC raised its position in shares of Foamix Pharmaceuticals by 17.7% in the second quarter. ARK Investment Management LLC now owns 106,243 shares of the specialty pharmaceutical company’s stock valued at $532,000 after buying an additional 15,980 shares during the last quarter. Millennium Management LLC raised its position in shares of Foamix Pharmaceuticals by 2.6% in the first quarter. Millennium Management LLC now owns 763,296 shares of the specialty pharmaceutical company’s stock valued at $3,916,000 after buying an additional 19,628 shares during the last quarter. Trexquant Investment LP raised its position in shares of Foamix Pharmaceuticals by 205.6% in the third quarter. Trexquant Investment LP now owns 34,950 shares of the specialty pharmaceutical company’s stock valued at $200,000 after buying an additional 23,515 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Foamix Pharmaceuticals in the third quarter valued at approximately $166,000. Finally, Wells Fargo & Company MN raised its position in shares of Foamix Pharmaceuticals by 31.7% in the third quarter. Wells Fargo & Company MN now owns 132,900 shares of the specialty pharmaceutical company’s stock valued at $761,000 after buying an additional 32,013 shares during the last quarter. 49.63% of the stock is owned by institutional investors and hedge funds.
Foamix Pharmaceuticals Company Profile
Foamix Pharmaceuticals Ltd., a clinical-stage specialty pharmaceutical company, develops and commercializes foam-based formulations primarily for the treatment of moderate-to-severe acne, moderate-to-severe papulo-pustular rosacea, and other skin conditions in the United States and Germany. Its lead product candidates include FMX101, a novel topical foam formulation of the antibiotic minocycline, which has completed a double-blind and dose-ranging Phase II clinical trial for the treatment of moderate-to-severe acne; and FMX102 that has completed a Phase II clinical trial for the treatment of impetigo caused by staphylococcus aureus, including methicillin-resistant staphylococcus aureus.
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