Teligent, Inc. (TLGT) Director Acquires $17,400.00 in Stock
Teligent, Inc. (NASDAQ:TLGT) Director Carole Ben-Maimon acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $3.48 per share, with a total value of $17,400.00. Following the completion of the acquisition, the director now owns 2,400 shares of the company’s stock, valued at approximately $8,352. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Teligent, Inc. (TLGT) traded up $0.62 during trading on Monday, reaching $3.74. 2,751,000 shares of the company’s stock traded hands, compared to its average volume of 1,031,454. The company has a debt-to-equity ratio of 1.99, a quick ratio of 3.71 and a current ratio of 4.37. Teligent, Inc. has a 52-week low of $2.82 and a 52-week high of $9.54.
Teligent (NASDAQ:TLGT) last posted its earnings results on Monday, November 6th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). The business had revenue of $13.65 million for the quarter, compared to analyst estimates of $19.12 million. Teligent had a negative return on equity of 6.38% and a negative net margin of 16.95%. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. sell-side analysts predict that Teligent, Inc. will post -0.13 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Parkwood LLC acquired a new position in Teligent during the second quarter worth $112,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Teligent in the first quarter valued at about $170,000. Renaissance Technologies LLC acquired a new stake in shares of Teligent in the first quarter valued at about $198,000. American International Group Inc. grew its position in shares of Teligent by 7.1% in the first quarter. American International Group Inc. now owns 25,488 shares of the company’s stock valued at $199,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Teligent by 16.1% in the second quarter. Voya Investment Management LLC now owns 23,342 shares of the company’s stock valued at $214,000 after purchasing an additional 3,234 shares during the last quarter. 65.85% of the stock is currently owned by hedge funds and other institutional investors.
Teligent Company Profile
Teligent, Inc is a specialty generic pharmaceutical company. Under the Company’s own label, it markets and sells generic injectable pharmaceutical products in the United States and Canada. In the United States it marketed 16 generic topical pharmaceutical products and four branded generic pharmaceutical products, as of December 31, 2016.
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