Clay Thorp Acquires 8,000 Shares of Clearside Biomedical Inc (CLSD) Stock
Clearside Biomedical Inc (NASDAQ:CLSD) Director Clay Thorp bought 8,000 shares of Clearside Biomedical stock in a transaction on Thursday, December 6th. The stock was acquired at an average price of $1.36 per share, for a total transaction of $10,880.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $10,880. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
CLSD stock opened at $1.37 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.22. Clearside Biomedical Inc has a 12-month low of $1.31 and a 12-month high of $15.33.
Clearside Biomedical (NASDAQ:CLSD) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.12). On average, equities research analysts predict that Clearside Biomedical Inc will post -2.57 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of CLSD. Voya Investment Management LLC purchased a new stake in shares of Clearside Biomedical in the 2nd quarter valued at $123,000. Bank of America Corp DE raised its holdings in shares of Clearside Biomedical by 915.6% in the 2nd quarter. Bank of America Corp DE now owns 16,574 shares of the company’s stock valued at $177,000 after buying an additional 14,942 shares during the period. Trexquant Investment LP purchased a new stake in shares of Clearside Biomedical in the 3rd quarter valued at $188,000. Engineers Gate Manager LP purchased a new stake in shares of Clearside Biomedical in the 3rd quarter valued at $202,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Clearside Biomedical in the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 57.94% of the company’s stock.
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Clearside Biomedical Company Profile
Clearside Biomedical, Inc, a late-stage clinical biopharmaceutical company, develops pharmacological therapies to treat blinding diseases of the eye. It is developing suprachoroidal injection of CLS-TA, a proprietary preservative-free formulation of the corticosteroid triamcinolone acetonide, which is in Phase III clinical trial for the treatment of macular edema associated with non-infectious uveitis; suprachoroidal injection of CLS-TA and a concomitant intravitreal injection of Eylea, an inhibitor of vascular endothelial growth factor that is in Phase III clinical trial to treat macular edema associated with retinal vein occlusion; and suprachoroidal injection of CLS-TA alone or together with intravitreal injection of Eylea that is in phase II clinical trial for diabetic macular edema.
Further Reading: Return on Equity (ROE)
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