Pacira Pharmaceuticals, Inc. (PCRX) Director Buys $41,600.00 in Stock
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) Director Mark A. Kronenfeld bought 1,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $41.60 per share, with a total value of $41,600.00. Following the completion of the transaction, the director now directly owns 6,795 shares of the company’s stock, valued at $282,672. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Pacira Pharmaceuticals, Inc. (NASDAQ PCRX) traded up $1.90 during trading hours on Monday, reaching $42.05. 787,300 shares of the company traded hands, compared to its average volume of 929,271. Pacira Pharmaceuticals, Inc. has a 1 year low of $29.81 and a 1 year high of $58.95. The company has a quick ratio of 6.24, a current ratio of 6.99 and a debt-to-equity ratio of 1.03.
Pacira Pharmaceuticals (NASDAQ:PCRX) last released its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. The firm had revenue of $67.30 million during the quarter, compared to analysts’ expectations of $68.99 million. Pacira Pharmaceuticals had a negative net margin of 18.25% and a negative return on equity of 13.77%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. analysts forecast that Pacira Pharmaceuticals, Inc. will post -0.96 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Pacira Pharmaceuticals by 9.2% during the 2nd quarter. BlackRock Inc. now owns 3,478,281 shares of the company’s stock valued at $165,914,000 after purchasing an additional 294,494 shares during the last quarter. Vanguard Group Inc. raised its stake in Pacira Pharmaceuticals by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,072,074 shares of the company’s stock valued at $146,538,000 after purchasing an additional 211,982 shares during the last quarter. HealthCor Management L.P. raised its stake in Pacira Pharmaceuticals by 63.1% during the 2nd quarter. HealthCor Management L.P. now owns 1,793,799 shares of the company’s stock valued at $85,564,000 after purchasing an additional 693,799 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Pacira Pharmaceuticals by 5.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,285,850 shares of the company’s stock valued at $48,284,000 after purchasing an additional 64,510 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Pacira Pharmaceuticals by 5.8% during the 3rd quarter. Macquarie Group Ltd. now owns 1,154,545 shares of the company’s stock valued at $43,353,000 after purchasing an additional 63,015 shares during the last quarter. Hedge funds and other institutional investors own 99.64% of the company’s stock.
Pacira Pharmaceuticals Company Profile
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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