Royalty Pharma plc (NASDAQ:RPRX) Director Sells $11,171,843.46 in Stock

Royalty Pharma plc (NASDAQ:RPRXGet Rating) Director Mario Germano Giuliani sold 261,881 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $42.66, for a total transaction of $11,171,843.46. Following the completion of the sale, the director now directly owns 8,814,759 shares of the company’s stock, valued at approximately $376,037,618.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Mario Germano Giuliani also recently made the following trade(s):

  • On Thursday, August 25th, Mario Germano Giuliani sold 500 shares of Royalty Pharma stock. The stock was sold at an average price of $44.00, for a total transaction of $22,000.00.

Royalty Pharma Price Performance

Shares of RPRX opened at $43.63 on Friday. Royalty Pharma plc has a twelve month low of $34.86 and a twelve month high of $44.75. The firm’s fifty day simple moving average is $43.13 and its 200-day simple moving average is $41.29. The firm has a market capitalization of $26.49 billion, a price-to-earnings ratio of 56.66, a PEG ratio of 1.14 and a beta of 0.30. The company has a current ratio of 19.22, a quick ratio of 19.22 and a debt-to-equity ratio of 0.68.

Royalty Pharma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, August 19th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.76 annualized dividend and a yield of 1.74%. Royalty Pharma’s dividend payout ratio is currently 98.70%.

Institutional Investors Weigh In On Royalty Pharma

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Royalty Pharma by 53.9% during the 1st quarter. Signaturefd LLC now owns 688 shares of the biopharmaceutical company’s stock worth $27,000 after acquiring an additional 241 shares in the last quarter. Captrust Financial Advisors raised its stake in Royalty Pharma by 210.8% during the 2nd quarter. Captrust Financial Advisors now owns 805 shares of the biopharmaceutical company’s stock worth $34,000 after acquiring an additional 546 shares in the last quarter. Newfound Research LLC acquired a new stake in Royalty Pharma during the 2nd quarter worth $50,000. PNC Financial Services Group Inc. raised its stake in Royalty Pharma by 54.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the biopharmaceutical company’s stock worth $133,000 after acquiring an additional 1,208 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in Royalty Pharma during the 1st quarter worth $143,000. 54.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley raised their price target on shares of Royalty Pharma from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, August 8th. Tigress Financial raised their price target on shares of Royalty Pharma from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, July 14th. Citigroup raised their price target on shares of Royalty Pharma from $50.00 to $60.00 in a research report on Thursday, July 28th. Scotiabank assumed coverage on shares of Royalty Pharma in a research report on Friday, May 13th. They issued an “outperform” rating and a $53.00 price target for the company. Finally, UBS Group assumed coverage on shares of Royalty Pharma in a research report on Monday, June 13th. They issued a “buy” rating and a $47.00 price target for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.43.

Royalty Pharma Company Profile

(Get Rating)

Royalty Pharma plc operates as a buyer of biopharmaceutical royalties and a funder of innovations in the biopharmaceutical industry in the United States. It is also involved in the identification, evaluation, and acquisition of royalties on various biopharmaceutical therapies. In addition, the company collaborates with innovators from academic institutions, research hospitals and not-for-profits, small and mid-cap biotechnology companies, and pharmaceutical companies.

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Insider Buying and Selling by Quarter for Royalty Pharma (NASDAQ:RPRX)

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