Teacher Retirement System of Texas Purchases 1,072 Shares of iRadimed Corporation (NASDAQ:IRMD)

Teacher Retirement System of Texas lifted its position in iRadimed Corporation (NASDAQ:IRMD) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,359 shares of the medical equipment provider’s stock after buying an additional 1,072 shares during the period. Teacher Retirement System of Texas owned about 0.40% of iRadimed worth $2,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in iRadimed by 78.7% during the first quarter. First Horizon Advisors Inc. now owns 513 shares of the medical equipment provider’s stock valued at $27,000 after purchasing an additional 226 shares during the period. US Bancorp DE increased its holdings in iRadimed by 476.6% during the fourth quarter. US Bancorp DE now owns 617 shares of the medical equipment provider’s stock valued at $34,000 after buying an additional 510 shares during the last quarter. Huntington National Bank increased its holdings in iRadimed by 34.0% during the fourth quarter. Huntington National Bank now owns 1,993 shares of the medical equipment provider’s stock valued at $110,000 after buying an additional 506 shares during the last quarter. State of Wyoming purchased a new stake in iRadimed during the fourth quarter valued at approximately $149,000. Finally, Avantax Advisory Services Inc. purchased a new stake in iRadimed during the fourth quarter valued at approximately $217,000. Institutional investors own 92.34% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of iRadimed from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 6th.

iRadimed Price Performance

Shares of NASDAQ IRMD opened at $59.81 on Thursday. The stock has a market cap of $760.78 million, a PE ratio of 38.59 and a beta of 0.91. The firm has a fifty day moving average price of $56.82 and a 200-day moving average price of $55.62. iRadimed Corporation has a 1 year low of $42.34 and a 1 year high of $63.29.

iRadimed Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.68 annualized dividend and a yield of 1.14%. iRadimed’s payout ratio is 43.87%.

About iRadimed

IRadimed Corp. engages in the development, manufacture, marketing, and distribution of Magnetic Resonance Imaging compatible medical devices. It also provides a non-magnetic Intravenous infusion pump system that is specifically designed for use during MRI procedures. The company was founded by Roger Susi in July 1992 and is headquartered in Winter Springs, FL.