Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap purchased 418,952 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average price of $1.80 per share, for a total transaction of $754,113.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Wynnefield Partners Small Cap also recently made the following trade(s):

  • On Friday, September 16th, Wynnefield Partners Small Cap purchased 19,472 shares of Summer Infant stock. The shares were acquired at an average price of $2.20 per share, for a total transaction of $42,838.40.
  • On Thursday, September 15th, Wynnefield Partners Small Cap purchased 14,100 shares of Summer Infant stock. The shares were acquired at an average price of $2.02 per share, for a total transaction of $28,482.00.
  • On Tuesday, September 13th, Wynnefield Partners Small Cap purchased 26,600 shares of Summer Infant stock. The shares were acquired at an average price of $2.08 per share, for a total transaction of $55,328.00.
  • On Friday, September 9th, Wynnefield Partners Small Cap purchased 40,200 shares of Summer Infant stock. The shares were acquired at an average price of $2.25 per share, for a total transaction of $90,450.00.
  • On Monday, August 22nd, Wynnefield Partners Small Cap purchased 59,800 shares of Summer Infant stock. The shares were acquired at an average price of $2.20 per share, for a total transaction of $131,560.00.

Summer Infant Inc. (NASDAQ:SUMR) traded down 1.50% on Monday, hitting $1.97. 6,109 shares of the company were exchanged. The company’s market capitalization is $36.44 million. Summer Infant Inc. has a 52 week low of $1.22 and a 52 week high of $2.44. The firm’s 50 day moving average is $2.02 and its 200 day moving average is $1.90.

Insider Buying and Selling by Quarter for Summer Infant (NASDAQ:SUMR)

SUMR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Tuesday, August 2nd. Piper Jaffray Cos. restated an “overweight” rating and set a $2.00 target price on shares of Summer Infant in a research note on Wednesday, August 3rd.

A hedge fund recently raised its stake 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 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 8.07% of Summer Infant worth $2,469,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

About Summer Infant

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.

5 Day Chart for NASDAQ:SUMR

Receive News & Stock Ratings for Summer Infant Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summer Infant Inc. and related stocks with our FREE daily email newsletter.