Peter Altman Acquires 13,500 Shares of BioCardia, Inc. (NASDAQ:BCDA) Stock

BioCardia, Inc. (NASDAQ:BCDA – Get Rating) CEO Peter Altman bought 13,500 shares of the stock in a transaction on Monday, April 18th. The shares were bought at an average price of $1.39 per share, for a total transaction of $18,765.00. Following the completion of the transaction, the chief executive officer now directly owns 328,143 shares of the company’s stock, valued at approximately $456,118.77. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of BCDA stock traded down $0.05 during trading hours on Monday, hitting $1.44. The company’s stock had a trading volume of 619,677 shares, compared to its average volume of 1,709,109. The stock has a fifty day moving average of $2.08. The firm has a market capitalization of $24.29 million, a PE ratio of -1.92 and a beta of 1.32. BioCardia, Inc. has a twelve month low of $1.25 and a twelve month high of $5.10.

BioCardia (NASDAQ:BCDA – Get Rating) last released its quarterly earnings results on Tuesday, March 29th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.01. BioCardia had a negative net margin of 1,243.65% and a negative return on equity of 87.02%. During the same period last year, the firm earned ($0.16) EPS. Analysts anticipate that BioCardia, Inc. will post -1.05 EPS for the current year.

BCDA has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of BioCardia from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. HC Wainwright assumed coverage on shares of BioCardia in a research report on Monday, December 20th. They set a “buy” rating and a $9.00 target price on the stock. Finally, Brookline Capital Management reiterated a “buy” rating on shares of BioCardia in a research report on Thursday, February 3rd.

A number of hedge funds and other institutional investors have recently made changes to their positions in BCDA. Commonwealth Equity Services LLC acquired a new stake in BioCardia during the third quarter worth approximately $51,000. Millennium Management LLC acquired a new stake in BioCardia during the third quarter worth approximately $31,000. Finally, Virtu Financial LLC acquired a new stake in BioCardia during the fourth quarter worth approximately $109,000. Hedge funds and other institutional investors own 14.86% of the company’s stock.

About BioCardia (Get Rating)

BioCardia, Inc, a clinical-stage regenerative medicine company, develops therapeutics for cardiovascular diseases. Its lead therapeutic candidate is the CardiAMP Cell Therapy System for the treatment of heart failure and chronic myocardial ischemia; and ALLOGENEIC cell therapy for cardiac and pulmonary disease.

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