Sucampo Pharmaceuticals, Inc. (SCMP) Insider Jason Patrick Meyenburg Buys 4,000 Shares
Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) insider Jason Patrick Meyenburg purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of $12.13 per share, with a total value of $48,520.00. Following the completion of the acquisition, the insider now directly owns 30,228 shares in the company, valued at $366,665.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Sucampo Pharmaceuticals, Inc. (SCMP) traded up 0.41% during trading on Friday, hitting $12.35. 366,567 shares of the company’s stock were exchanged. The stock’s market cap is $572.11 million. Sucampo Pharmaceuticals, Inc. has a 1-year low of $9.30 and a 1-year high of $17.55. The stock’s 50-day moving average price is $10.97 and its 200-day moving average price is $10.66.
Sucampo Pharmaceuticals (NASDAQ:SCMP) last posted its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $59.90 million during the quarter, compared to analysts’ expectations of $56.44 million. Sucampo Pharmaceuticals had a negative net margin of 61.99% and a positive return on equity of 56.58%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts expect that Sucampo Pharmaceuticals, Inc. will post $1.02 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on the stock. Leerink Swann assumed coverage on shares of Sucampo Pharmaceuticals in a report on Monday, August 21st. They set an “outperform” rating and a $15.00 price target for the company. Maxim Group reissued a “buy” rating and set a $23.00 price target (up from $21.00) on shares of Sucampo Pharmaceuticals in a report on Tuesday, August 8th. BidaskClub downgraded shares of Sucampo Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Roth Capital set a $30.00 price target on shares of Sucampo Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, TheStreet downgraded shares of Sucampo Pharmaceuticals from a “c+” rating to a “d” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $17.63.
Several hedge funds have recently bought and sold shares of SCMP. NEA Management Company LLC bought a new position in shares of Sucampo Pharmaceuticals in the second quarter worth about $13,214,000. Rubric Capital Management LP bought a new position in Sucampo Pharmaceuticals in the 2nd quarter valued at approximately $6,068,000. Vanguard Group Inc. raised its holdings in Sucampo Pharmaceuticals by 48.9% in the 1st quarter. Vanguard Group Inc. now owns 1,456,787 shares of the biopharmaceutical company’s stock valued at $16,024,000 after buying an additional 478,226 shares during the last quarter. Royce & Associates LP raised its holdings in Sucampo Pharmaceuticals by 24.6% in the 1st quarter. Royce & Associates LP now owns 974,023 shares of the biopharmaceutical company’s stock valued at $10,714,000 after buying an additional 192,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Sucampo Pharmaceuticals by 107.3% in the 1st quarter. Bank of New York Mellon Corp now owns 367,691 shares of the biopharmaceutical company’s stock valued at $4,044,000 after buying an additional 190,292 shares during the last quarter. 55.44% of the stock is owned by hedge funds and other institutional investors.
Sucampo Pharmaceuticals Company Profile
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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