Insider Selling: Intercept Pharmaceuticals Inc (ICPT) Insider Sells 5,000 Shares of Stock
Intercept Pharmaceuticals Inc (NASDAQ:ICPT) insider Lisa Bright sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $111.42, for a total transaction of $557,100.00. Following the completion of the transaction, the insider now directly owns 22,488 shares in the company, valued at $2,505,612.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ ICPT opened at $102.26 on Friday. Intercept Pharmaceuticals Inc has a 52 week low of $51.05 and a 52 week high of $133.74. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 3.83.
Intercept Pharmaceuticals (NASDAQ:ICPT) last released its quarterly earnings data on Wednesday, October 31st. The biopharmaceutical company reported ($2.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.65) by $0.47. The business had revenue of $47.00 million for the quarter, compared to the consensus estimate of $48.24 million. Intercept Pharmaceuticals had a negative net margin of 202.93% and a negative return on equity of 645.54%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.89) earnings per share. Equities analysts expect that Intercept Pharmaceuticals Inc will post -10.35 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board lifted its holdings in Intercept Pharmaceuticals by 95.9% during the second quarter. State of Wisconsin Investment Board now owns 22,700 shares of the biopharmaceutical company’s stock valued at $1,905,000 after purchasing an additional 11,111 shares during the last quarter. FMR LLC lifted its holdings in Intercept Pharmaceuticals by 17.5% during the second quarter. FMR LLC now owns 4,437,332 shares of the biopharmaceutical company’s stock valued at $372,336,000 after purchasing an additional 661,542 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Intercept Pharmaceuticals by 104.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 110,805 shares of the biopharmaceutical company’s stock valued at $9,298,000 after purchasing an additional 56,556 shares during the last quarter. Asymmetry Capital Management L.P. purchased a new stake in Intercept Pharmaceuticals during the second quarter valued at about $2,175,000. Finally, Rhumbline Advisers lifted its holdings in Intercept Pharmaceuticals by 11.5% during the second quarter. Rhumbline Advisers now owns 21,153 shares of the biopharmaceutical company’s stock valued at $1,775,000 after purchasing an additional 2,181 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.
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Intercept Pharmaceuticals Company Profile
Intercept Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics in the United States, Europe, and Canada. Its lead product candidate is obeticholic acid (OCA), a bile acid analog, which has a structure based on a naturally occurring human bile acid that selectively binds to and activates the farnesoid X receptor (FXR).
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