Investors Purchase High Volume of Retrophin Put Options (RTRX)

Retrophin Inc (NASDAQ:RTRX) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 3,982 put options on the company. This represents an increase of 1,702% compared to the typical daily volume of 221 put options.

Shares of NASDAQ:RTRX opened at $17.94 on Thursday. The firm has a market cap of $778.19 million, a price-to-earnings ratio of -7.06 and a beta of 0.91. Retrophin has a 12-month low of $17.85 and a 12-month high of $33.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.74 and a quick ratio of 4.68.

Retrophin (NASDAQ:RTRX) last announced its quarterly earnings data on Tuesday, May 7th. The biopharmaceutical company reported ($0.99) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($0.41). The company had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $41.40 million. Retrophin had a negative net margin of 62.51% and a negative return on equity of 33.53%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) EPS. As a group, research analysts anticipate that Retrophin will post -2.47 EPS for the current year.

A number of research analysts have recently commented on the company. BidaskClub upgraded Retrophin from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. William Blair restated an “outperform” rating on shares of Retrophin in a research note on Wednesday, April 17th. TheStreet cut Retrophin from a “c-” rating to a “d+” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded Retrophin from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 27th. Finally, ValuEngine cut Retrophin from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.67.

In other news, SVP William E. Rote sold 1,250 shares of Retrophin stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $21.44, for a total value of $26,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Steve Aselage sold 2,130 shares of Retrophin stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $21.44, for a total value of $45,667.20. Following the completion of the sale, the chief executive officer now owns 258,707 shares in the company, valued at $5,546,678.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,917 shares of company stock worth $277,140. Corporate insiders own 4.32% of the company’s stock.

Several institutional investors have recently bought and sold shares of RTRX. Man Group plc increased its holdings in shares of Retrophin by 19.0% in the 3rd quarter. Man Group plc now owns 71,742 shares of the biopharmaceutical company’s stock worth $2,061,000 after purchasing an additional 11,455 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of Retrophin by 55.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 29,333 shares of the biopharmaceutical company’s stock worth $843,000 after purchasing an additional 10,491 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Retrophin by 117.5% in the third quarter. AQR Capital Management LLC now owns 29,132 shares of the biopharmaceutical company’s stock worth $837,000 after acquiring an additional 15,740 shares during the period. Legal & General Group Plc grew its holdings in shares of Retrophin by 33.5% in the third quarter. Legal & General Group Plc now owns 13,541 shares of the biopharmaceutical company’s stock worth $389,000 after acquiring an additional 3,395 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Retrophin by 1.4% in the third quarter. Vanguard Group Inc. now owns 1,928,602 shares of the biopharmaceutical company’s stock worth $55,409,000 after acquiring an additional 26,016 shares during the period.

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Retrophin Company Profile

Retrophin, Inc, a biopharmaceutical company, focuses on the identification, development, acquisition, and commercialization of therapies for the treatment of rare diseases. Its marketed products include Chenodal, a synthetic oral form of chenodeoxycholic acid for the treatment of radiolucent stones in well-opacifying gallbladders; Cholbam, a cholic acid capsule to treat pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects, as well as for adjunctive treatment of patients with peroxisomal disorders; and Thiola, a tiopronin tablet for the treatment of cystinuria.

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