Simulations Plus, Inc. to Issue Quarterly Dividend of $0.05 (SLP)
Simulations Plus, Inc. (NASDAQ:SLP) declared a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Stockholders of record on Friday, July 28th will be paid a dividend of 0.05 per share by the technology company on Friday, August 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, July 26th.
Shares of Simulations Plus (NASDAQ SLP) traded up 4.71% during trading on Wednesday, reaching $14.45. 121,198 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $12.60 and a 200-day moving average price of $11.19. Simulations Plus has a 52-week low of $7.84 and a 52-week high of $14.65. The company has a market capitalization of $249.19 million, a PE ratio of 45.87 and a beta of -0.74.
Simulations Plus (NASDAQ:SLP) last posted its earnings results on Friday, July 14th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $6.75 million during the quarter, compared to analysts’ expectations of $6.48 million. Simulations Plus had a return on equity of 23.21% and a net margin of 24.86%. On average, equities analysts forecast that Simulations Plus will post $0.31 earnings per share for the current year.
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Separately, Zacks Investment Research raised Simulations Plus from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th.
In other Simulations Plus news, Director Argenio David Z. D sold 2,674 shares of Simulations Plus stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $11.68, for a total transaction of $31,232.32. Following the completion of the sale, the director now directly owns 33,608 shares of the company’s stock, valued at approximately $392,541.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thaddeus Henry Grasela, Jr. sold 37,031 shares of Simulations Plus stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $11.63, for a total value of $430,670.53. Following the sale, the president now directly owns 426,852 shares of the company’s stock, valued at $4,964,288.76. The disclosure for this sale can be found here. Insiders sold 142,511 shares of company stock valued at $1,692,827 over the last ninety days. Insiders own 36.93% of the company’s stock.
About Simulations Plus
Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.
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