Kenneth L. Londoner Buys 22,766 Shares of BioSig Technologies, Inc. (NASDAQ:BSGM) Stock

BioSig Technologies, Inc. (NASDAQ:BSGMGet Rating) CEO Kenneth L. Londoner purchased 22,766 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average cost of $0.84 per share, for a total transaction of $19,123.44. Following the completion of the acquisition, the chief executive officer now directly owns 1,867,120 shares of the company’s stock, valued at approximately $1,568,380.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

BioSig Technologies Trading Up 1.5 %

Shares of BioSig Technologies stock opened at $0.89 on Tuesday. The firm has a 50-day simple moving average of $0.80 and a two-hundred day simple moving average of $0.94. BioSig Technologies, Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $4.10.

BioSig Technologies (NASDAQ:BSGMGet Rating) last released its quarterly earnings results on Monday, August 15th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. BioSig Technologies had a negative return on equity of 253.64% and a negative net margin of 22,438.64%. On average, equities research analysts forecast that BioSig Technologies, Inc. will post -0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BSGM. Warberg Asset Management LLC purchased a new stake in BioSig Technologies in the 2nd quarter worth $43,000. Advisor Group Holdings Inc. grew its position in shares of BioSig Technologies by 394.9% in the first quarter. Advisor Group Holdings Inc. now owns 85,859 shares of the company’s stock valued at $99,000 after purchasing an additional 68,509 shares during the period. Commonwealth Equity Services LLC grew its position in shares of BioSig Technologies by 24.2% in the first quarter. Commonwealth Equity Services LLC now owns 125,705 shares of the company’s stock valued at $144,000 after purchasing an additional 24,500 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of BioSig Technologies by 6.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 345,807 shares of the company’s stock worth $228,000 after purchasing an additional 21,618 shares in the last quarter. 9.46% of the stock is owned by institutional investors and hedge funds.

About BioSig Technologies

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BioSig Technologies, Inc, together with its subsidiaries, operates as medical device company. The company's proprietary product includes precise uninterrupted real-time evaluation of electrograms electrophysiology (PURE EP) system, a signal processing platform that combines hardware and software to address known challenges associated to signal acquisition that enables electrophysiologists to see signals and analyze in real-time.

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