Summer Infant Inc. (SUMR) Director Purchases $51,850.77 in Stock
Summer Infant Inc. (NASDAQ:SUMR) Director Robin L. Marino acquired 27,147 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were purchased at an average cost of $1.91 per share, with a total value of $51,850.77. Following the acquisition, the director now owns 63,139 shares of the company’s stock, valued at approximately $120,595.49. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Summer Infant Inc. (NASDAQ:SUMR) opened at 1.92 on Monday. The company’s market capitalization is $35.42 million. The stock’s 50 day moving average is $2.05 and its 200 day moving average is $1.88. Summer Infant Inc. has a 1-year low of $1.22 and a 1-year high of $2.44.
Several analysts have recently weighed in on SUMR shares. Zacks Investment Research lowered shares of Summer Infant from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $2.00 price objective on shares of Summer Infant in a report on Wednesday, August 3rd.
An institutional investor recently raised its position in Summer Infant stock. Tocqueville Asset Management L.P. raised its position in shares of Summer Infant Inc. (NASDAQ:SUMR) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,487,082 shares of the company’s stock after buying an additional 215,621 shares during the period. Tocqueville Asset Management L.P. owned about 8.07% of Summer Infant worth $2,469,000 as of its most recent filing with the SEC. 47.87% of the stock is owned by institutional investors and hedge funds.
Summer Infant Company Profile
Summer Infant, Inc (Summer) is an infant and juvenile products company. The Company creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products.
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