Glenn Sblendorio Sells 8,089 Shares of Ophthotech Corp (OPHT) Stock
Ophthotech Corp (NASDAQ:OPHT) CEO Glenn Sblendorio sold 8,089 shares of Ophthotech stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $3.19, for a total transaction of $25,803.91. Following the completion of the transaction, the chief executive officer now directly owns 44,584 shares in the company, valued at approximately $142,222.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ophthotech Corp (OPHT) traded up $0.03 during midday trading on Wednesday, hitting $3.30. 361,437 shares of the stock were exchanged, compared to its average volume of 558,700. Ophthotech Corp has a 12 month low of $2.24 and a 12 month high of $5.25. The firm has a market capitalization of $118.93, a P/E ratio of 2.12 and a beta of 1.58.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Manhattan Co. acquired a new stake in shares of Ophthotech in the third quarter valued at approximately $1,201,000. Goldman Sachs Group Inc. raised its holdings in shares of Ophthotech by 28.1% in the second quarter. Goldman Sachs Group Inc. now owns 652,992 shares of the biopharmaceutical company’s stock valued at $1,672,000 after purchasing an additional 143,349 shares during the last quarter. Stonepine Capital Management LLC raised its holdings in shares of Ophthotech by 1.7% in the second quarter. Stonepine Capital Management LLC now owns 3,576,189 shares of the biopharmaceutical company’s stock valued at $9,155,000 after purchasing an additional 59,700 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of Ophthotech by 102.3% in the second quarter. Federated Investors Inc. PA now owns 55,461 shares of the biopharmaceutical company’s stock valued at $142,000 after purchasing an additional 28,040 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Ophthotech by 73.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 118,166 shares of the biopharmaceutical company’s stock valued at $433,000 after purchasing an additional 49,928 shares during the last quarter. Institutional investors own 62.48% of the company’s stock.
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Ophthotech Corporation is a biopharmaceutical company. The Company is engaged in the development of therapeutics to treat ophthalmic diseases, with a focus on diseases of the back of the eye. Its primary focus is developing therapeutics for age-related macular degeneration (AMD), which is a disorder of the central portion of the retina, known as the macula, that may result in blindness.
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