Clearside Biomedical (NASDAQ:CLSD – Get Rating) posted its earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10), MarketWatch Earnings reports. Clearside Biomedical had a return on equity of 0.33% and a net margin of 0.28%. During the same period in the prior year, the firm earned ($0.13) EPS.
Clearside Biomedical stock traded up $0.05 during mid-day trading on Friday, hitting $1.41. 178,252 shares of the company’s stock traded hands, compared to its average volume of 300,645. The firm has a 50 day simple moving average of $1.99 and a two-hundred day simple moving average of $2.59. Clearside Biomedical has a fifty-two week low of $1.30 and a fifty-two week high of $7.73.
A number of institutional investors have recently made changes to their positions in CLSD. Goldman Sachs Group Inc. acquired a new stake in Clearside Biomedical during the 2nd quarter valued at $82,000. Morgan Stanley lifted its holdings in Clearside Biomedical by 182.1% during the 3rd quarter. Morgan Stanley now owns 806,555 shares of the company’s stock valued at $4,839,000 after purchasing an additional 520,694 shares during the last quarter. Millennium Management LLC lifted its holdings in Clearside Biomedical by 51.7% during the 3rd quarter. Millennium Management LLC now owns 265,472 shares of the company’s stock valued at $1,593,000 after purchasing an additional 90,437 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Clearside Biomedical by 61.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 30,795 shares of the company’s stock valued at $185,000 after purchasing an additional 11,692 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Clearside Biomedical by 1,462,200.0% during the 4th quarter. BNP Paribas Arbitrage SA now owns 14,623 shares of the company’s stock worth $40,000 after buying an additional 14,622 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.
Clearside Biomedical Company Profile (Get Rating)
Clearside Biomedical, Inc, a biopharmaceutical company, focuses on the revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space. The company offers XIPERE, a triamcinolone acetonide suprachoroidal injectable suspension for the treatment of uveitis macular edema.
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