Danimer Scientific (NYSE:DNMR) Shares Set to Split on Friday, May 10th

Danimer Scientific, Inc. (NYSE:DNMR) shares are going to split on the morning of Friday, May 10th. The 4-3 split was announced on Friday, May 10th. The newly created shares will be payable to shareholders after the market closes on Friday, May 10th.

Danimer Scientific Stock Up 4.3 %

Danimer Scientific stock opened at $0.84 on Wednesday. Danimer Scientific has a twelve month low of $0.60 and a twelve month high of $3.56. The stock has a market cap of $95.76 million, a P/E ratio of -0.55 and a beta of 1.62. The company’s 50-day moving average price is $1.09 and its two-hundred day moving average price is $1.08. The company has a quick ratio of 5.26, a current ratio of 6.87 and a debt-to-equity ratio of 1.37.

Danimer Scientific (NYSE:DNMR) last announced its earnings results on Thursday, March 28th. The company reported ($0.39) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.39). The company had revenue of $10.95 million for the quarter, compared to analyst estimates of $10.90 million. Danimer Scientific had a negative return on equity of 49.01% and a negative net margin of 333.03%. As a group, analysts expect that Danimer Scientific will post -0.92 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DNMR. Piper Sandler reissued a “neutral” rating and issued a $1.25 target price (down previously from $3.50) on shares of Danimer Scientific in a research report on Tuesday, April 9th. TD Cowen cut their price objective on shares of Danimer Scientific from $3.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, April 4th.

Institutional Trading of Danimer Scientific

Several large investors have recently modified their holdings of DNMR. Virtu Financial LLC increased its stake in Danimer Scientific by 628.5% in the fourth quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock valued at $186,000 after acquiring an additional 157,085 shares during the last quarter. Greenlight Capital Inc. increased its stake in shares of Danimer Scientific by 5.1% in the 4th quarter. Greenlight Capital Inc. now owns 2,734,580 shares of the company’s stock valued at $2,789,000 after purchasing an additional 131,890 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in shares of Danimer Scientific during the 3rd quarter worth $208,000. Thomasville National Bank lifted its position in shares of Danimer Scientific by 125.8% during the 1st quarter. Thomasville National Bank now owns 177,845 shares of the company’s stock worth $194,000 after buying an additional 99,078 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in Danimer Scientific by 423.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 78,500 shares of the company’s stock valued at $80,000 after buying an additional 63,500 shares in the last quarter. 33.84% of the stock is owned by institutional investors and hedge funds.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.