SouthState Corp boosted its stake in shares of Danimer Scientific, Inc. (NYSE:DNMR – Get Rating) by 280.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,130 shares of the company’s stock after buying an additional 3,780 shares during the period. SouthState Corp’s holdings in Danimer Scientific were worth $30,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of DNMR. Fifth Third Bancorp raised its holdings in Danimer Scientific by 600.0% during the 4th quarter. Fifth Third Bancorp now owns 3,500 shares of the company’s stock valued at $30,000 after buying an additional 3,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Danimer Scientific by 25.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 25,000 shares of the company’s stock worth $218,000 after purchasing an additional 5,000 shares during the period. Northern Trust Corp increased its stake in Danimer Scientific by 33.5% in the fourth quarter. Northern Trust Corp now owns 868,043 shares of the company’s stock worth $7,396,000 after purchasing an additional 217,881 shares during the period. ProShare Advisors LLC purchased a new stake in Danimer Scientific in the fourth quarter worth $169,000. Finally, Handelsbanken Fonder AB purchased a new stake in Danimer Scientific in the fourth quarter worth $235,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.
Insider Transactions at Danimer Scientific
In other news, CMO Scott Tuten sold 10,000 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $5.08, for a total transaction of $50,800.00. Following the transaction, the chief marketing officer now owns 474,136 shares of the company’s stock, valued at approximately $2,408,610.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 14.60% of the company’s stock.
Danimer Scientific Stock Performance
Danimer Scientific (NYSE:DNMR – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.03. Danimer Scientific had a negative return on equity of 14.35% and a net margin of 13.66%. The business had revenue of $14.74 million for the quarter. During the same quarter in the previous year, the business earned ($0.14) EPS. Analysts predict that Danimer Scientific, Inc. will post -0.95 earnings per share for the current year.
Danimer Scientific Profile
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petroleum-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including films, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
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