The Manufacturers Life Insurance Company Purchases Shares of 34,850 Quantum-Si incorporated (NASDAQ:QSI)

The Manufacturers Life Insurance Company purchased a new stake in Quantum-Si incorporated (NASDAQ:QSI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 34,850 shares of the company’s stock, valued at approximately $94,000.

A number of other institutional investors have also recently made changes to their positions in QSI. Wolverine Asset Management LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at about $26,000. Abel Hall LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at about $28,000. Dudley Capital Management LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at about $30,000. Jump Financial LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at about $33,000. Finally, Alpine Global Management LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at about $37,000. Institutional investors own 39.90% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $1.39, for a total value of $32,952.73. Following the transaction, the chief executive officer now owns 2,646,716 shares in the company, valued at $3,678,935.24. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 36,650 shares of company stock valued at $50,944. 30.04% of the stock is owned by company insiders.

Quantum-Si Stock Performance

QSI stock opened at $1.48 on Monday. The stock’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.59. Quantum-Si incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77. The company has a market cap of $271.05 million, a P/E ratio of -2.31 and a beta of 2.71.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.06. Quantum-Si had a negative return on equity of 36.96% and a negative net margin of 3,968.84%. The business had revenue of $0.84 million for the quarter, compared to the consensus estimate of $0.96 million. Equities analysts predict that Quantum-Si incorporated will post -0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on QSI shares. Alliance Global Partners reissued a “buy” rating on shares of Quantum-Si in a research note on Wednesday, March 5th. National Bankshares set a $3.65 price objective on Quantum-Si in a research note on Wednesday, March 5th.

Quantum-Si Company Profile

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.