Arete Wealth Advisors LLC bought a new position in shares of Danimer Scientific, Inc. (NYSE:DNMR – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,050 shares of the company’s stock, valued at approximately $34,673,000,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in Danimer Scientific during the 4th quarter worth $128,000. The Manufacturers Life Insurance Company raised its holdings in shares of Danimer Scientific by 16.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 39,739 shares of the company’s stock worth $71,000 after acquiring an additional 5,572 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of Danimer Scientific during the 4th quarter worth $36,000. Teramo Advisors LLC raised its holdings in shares of Danimer Scientific by 337.4% during the 4th quarter. Teramo Advisors LLC now owns 3,565,000 shares of the company’s stock worth $6,381,000 after acquiring an additional 2,750,000 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Danimer Scientific during the 4th quarter worth $28,000. Institutional investors and hedge funds own 37.91% of the company’s stock.
Insider Buying and Selling at Danimer Scientific
In other Danimer Scientific news, CMO Scott Tuten sold 10,000 shares of Danimer Scientific stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $3.38, for a total value of $33,800.00. Following the completion of the transaction, the chief marketing officer now directly owns 356,478 shares of the company’s stock, valued at approximately $1,204,895.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 14.30% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Danimer Scientific Stock Down 3.5 %
Shares of DNMR opened at $2.78 on Tuesday. Danimer Scientific, Inc. has a 12-month low of $1.57 and a 12-month high of $5.79. The company’s 50-day moving average price is $2.85 and its 200 day moving average price is $2.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 5.93 and a current ratio of 7.22.
Danimer Scientific (NYSE:DNMR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.01). The company had revenue of $11.93 million during the quarter, compared to analysts’ expectations of $16.30 million. Danimer Scientific had a negative net margin of 377.00% and a negative return on equity of 31.32%. Equities research analysts expect that Danimer Scientific, Inc. will post -1.43 EPS for the current fiscal year.
Danimer Scientific Company Profile
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petroleum-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including films, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
Read More
- Five stocks we like better than Danimer Scientific
- Comparing and Trading High PE Ratio Stocks
- 3 Housing Stocks to Avoid as Interest Rates Rise
- How to Invest in Growth Stocks
- AMC: Is a Big Squeeze in the Coming Attractions?
- Trading Stocks: RSI and Why it’s Useful
- Rivian: A Roaring Rise Or Time To Cash Out?
Receive News & Ratings for Danimer Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danimer Scientific and related companies with MarketBeat.com's FREE daily email newsletter.
