GSA Capital Partners LLP Grows Stock Holdings in Simulations Plus, Inc. $SLP

GSA Capital Partners LLP lifted its position in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 167.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,322 shares of the technology company’s stock after buying an additional 39,059 shares during the quarter. GSA Capital Partners LLP owned approximately 0.31% of Simulations Plus worth $1,136,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SLP. Raymond James Financial Inc. purchased a new position in shares of Simulations Plus during the 2nd quarter valued at $25,000. Quarry LP purchased a new position in shares of Simulations Plus during the 3rd quarter valued at $28,000. CWM LLC lifted its stake in shares of Simulations Plus by 3,729.1% during the 3rd quarter. CWM LLC now owns 2,106 shares of the technology company’s stock valued at $32,000 after buying an additional 2,051 shares in the last quarter. US Bancorp DE lifted its stake in shares of Simulations Plus by 32.5% during the 3rd quarter. US Bancorp DE now owns 6,167 shares of the technology company’s stock valued at $93,000 after buying an additional 1,513 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Simulations Plus during the third quarter worth $136,000. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Wall Street Analyst Weigh In

SLP has been the subject of a number of research reports. Zacks Research lowered shares of Simulations Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. TD Cowen dropped their target price on shares of Simulations Plus from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Finally, Wall Street Zen upgraded shares of Simulations Plus from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.40.

Simulations Plus Stock Performance

Shares of NASDAQ:SLP opened at $15.11 on Friday. The firm has a fifty day moving average price of $13.40 and a 200 day moving average price of $15.66. Simulations Plus, Inc. has a fifty-two week low of $11.09 and a fifty-two week high of $34.01. The firm has a market cap of $305.22 million, a price-to-earnings ratio of -4.83 and a beta of 1.28.

Simulations Plus (NASDAQ:SLP) last issued its earnings results on Thursday, April 9th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $24.29 million during the quarter, compared to analyst estimates of $21.66 million. Simulations Plus had a negative net margin of 77.96% and a positive return on equity of 16.21%. As a group, research analysts predict that Simulations Plus, Inc. will post 0.85 earnings per share for the current year.

Simulations Plus Profile

Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.