Atria Wealth Solutions Inc. Sells 665 Shares of Simulations Plus, Inc. (NASDAQ:SLP)

Atria Wealth Solutions Inc. decreased its stake in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 4.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,698 shares of the technology company’s stock after selling 665 shares during the period. Atria Wealth Solutions Inc.’s holdings in Simulations Plus were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Values First Advisors Inc. bought a new stake in Simulations Plus in the 4th quarter worth approximately $1,862,000. Conestoga Capital Advisors LLC lifted its position in Simulations Plus by 12.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,259,176 shares of the technology company’s stock valued at $101,098,000 after purchasing an additional 251,299 shares during the last quarter. Tributary Capital Management LLC purchased a new position in shares of Simulations Plus in the 4th quarter worth $9,190,000. Kopion Asset Management LLC increased its holdings in shares of Simulations Plus by 145.0% in the 4th quarter. Kopion Asset Management LLC now owns 122,709 shares of the technology company’s stock worth $5,491,000 after buying an additional 72,622 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Simulations Plus in the 3rd quarter worth about $1,094,000. 78.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $39.94, for a total value of $798,800.00. Following the completion of the sale, the director now owns 3,600,195 shares of the company’s stock, valued at $143,791,788.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 20.90% of the company’s stock.

Simulations Plus Trading Down 0.0 %

Shares of NASDAQ:SLP opened at $46.70 on Friday. The company has a market cap of $933.53 million, a price-to-earnings ratio of 88.11 and a beta of 0.68. Simulations Plus, Inc. has a 12 month low of $32.69 and a 12 month high of $52.69. The company has a 50-day moving average price of $44.03 and a 200 day moving average price of $41.18.

Simulations Plus (NASDAQ:SLP) last posted its quarterly earnings data on Wednesday, April 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $18.31 million during the quarter, compared to analyst estimates of $17.31 million. Simulations Plus had a return on equity of 7.95% and a net margin of 16.22%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. As a group, equities analysts forecast that Simulations Plus, Inc. will post 0.67 EPS for the current year.

Simulations Plus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Monday, April 29th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, April 26th. Simulations Plus’s dividend payout ratio (DPR) is 45.28%.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.