Wolverine Asset Management LLC Invests $692,000 in Olink Holding AB (publ) (NASDAQ:OLK)

Wolverine Asset Management LLC acquired a new position in shares of Olink Holding AB (publ) (NASDAQ:OLK) in the 4th quarter, HoldingsChannel reports. The fund acquired 27,500 shares of the company’s stock, valued at approximately $692,000.

Several other large investors also recently modified their holdings of the stock. New York State Common Retirement Fund grew its position in Olink Holding AB (publ) by 3.7% in the 3rd quarter. New York State Common Retirement Fund now owns 67,166 shares of the company’s stock valued at $991,000 after purchasing an additional 2,368 shares during the period. Trexquant Investment LP grew its position in Olink Holding AB (publ) by 23.0% in the 3rd quarter. Trexquant Investment LP now owns 33,156 shares of the company’s stock valued at $489,000 after purchasing an additional 6,193 shares during the period. Jump Financial LLC acquired a new stake in Olink Holding AB (publ) in the 3rd quarter valued at $232,000. Rock Springs Capital Management LP boosted its holdings in Olink Holding AB (publ) by 1.4% during the 3rd quarter. Rock Springs Capital Management LP now owns 1,676,500 shares of the company’s stock worth $24,728,000 after acquiring an additional 22,500 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in Olink Holding AB (publ) by 73.7% during the 3rd quarter. TD Asset Management Inc now owns 403,924 shares of the company’s stock worth $5,958,000 after acquiring an additional 171,395 shares during the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OLK. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price objective on shares of Olink Holding AB (publ) in a report on Tuesday, March 26th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $26.00 price objective on shares of Olink Holding AB (publ) in a report on Tuesday, March 26th.

Olink Holding AB (publ) Price Performance

NASDAQ OLK opened at $22.84 on Friday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -91.36 and a beta of 0.50. Olink Holding AB has a one year low of $14.10 and a one year high of $26.01. The business’s fifty day moving average is $23.17 and its 200-day moving average is $24.12.

Olink Holding AB (publ) (NASDAQ:OLK) last released its earnings results on Monday, March 25th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The business had revenue of $68.55 million for the quarter, compared to the consensus estimate of $82.80 million. Olink Holding AB (publ) had a negative return on equity of 6.50% and a negative net margin of 18.63%. Research analysts expect that Olink Holding AB will post -0.18 EPS for the current fiscal year.

Olink Holding AB (publ) Company Profile

Olink Holding AB (publ) develops, produces, markets, and sells biotechnological products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore that consist of Explore 372 and Explore 384 for cardiovascular and metabolic, oncology, neurology, and inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.