SG Americas Securities LLC purchased a new position in shares of Premier, Inc. (NASDAQ:PINC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,895 shares of the company’s stock, valued at approximately $678,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Premier during the first quarter worth about $27,000. Versant Capital Management Inc raised its position in shares of Premier by 265.2% during the 2nd quarter. Versant Capital Management Inc now owns 2,140 shares of the company’s stock worth $40,000 after purchasing an additional 1,554 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in Premier by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,951 shares of the company’s stock valued at $43,000 after buying an additional 650 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Premier during the 2nd quarter valued at $47,000. Finally, nVerses Capital LLC purchased a new position in Premier during the second quarter worth $56,000. 74.41% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CFO Craig S. Mckasson sold 30,000 shares of Premier stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $20.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now owns 288,110 shares in the company, valued at approximately $5,762,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Premier news, CEO Michael J. Alkire sold 2,625 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.00, for a total value of $52,500.00. Following the completion of the sale, the chief executive officer now owns 580,073 shares of the company’s stock, valued at $11,601,460. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig S. Mckasson sold 30,000 shares of Premier stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer now owns 288,110 shares in the company, valued at $5,762,200. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,312 shares of company stock worth $3,779,250 over the last ninety days. 0.85% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Premier
Premier Stock Up 1.3 %
NASDAQ:PINC opened at $19.35 on Monday. Premier, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $23.01. The firm’s 50 day moving average is $19.90 and its two-hundred day moving average is $19.80. The company has a market cap of $2.03 billion, a P/E ratio of 30.23, a P/E/G ratio of 9.08 and a beta of 0.41.
Premier (NASDAQ:PINC – Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25. The firm had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. Research analysts forecast that Premier, Inc. will post 1.04 earnings per share for the current fiscal year.
Premier Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 30th. This represents a $0.84 annualized dividend and a yield of 4.34%. Premier’s dividend payout ratio is currently 131.25%.
About Premier
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.
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