Robin L. Marino Buys 27,005 Shares of Summer Infant Inc. (SUMR) Stock
Summer Infant Inc. (NASDAQ:SUMR) Director Robin L. Marino bought 27,005 shares of the company’s stock in a transaction on Monday, November 14th. The stock was bought at an average price of $1.90 per share, for a total transaction of $51,309.50. Following the completion of the purchase, the director now owns 110,031 shares of the company’s stock, valued at $209,058.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Summer Infant Inc. (NASDAQ:SUMR) opened at 1.8829 on Thursday. The stock has a market cap of $34.83 billion, a price-to-earnings ratio of 2.4140 and a beta of 0.54. The stock’s 50 day moving average price is $2.03 and its 200 day moving average price is $1.89. Summer Infant Inc. has a 12-month low of $1.22 and a 12-month high of $2.44.
An institutional investor recently raised its position in Summer Infant stock. Tocqueville Asset Management L.P. raised its stake in Summer Infant Inc. (NASDAQ:SUMR) by 17.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 approximately 8.07% of Summer Infant worth $2,469,000 at the end of the most recent reporting period. 47.87% of the stock is owned by institutional investors.
SUMR has been the topic of several analyst reports. Zacks Investment Research raised shares of Summer Infant from a “hold” rating to a “strong-buy” rating and set a $2.50 price target on the stock in a report on Thursday, August 11th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $2.00 price target on shares of Summer Infant in a report on Wednesday, August 3rd.
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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