Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap acquired 135,756 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were purchased at an average price of $2.00 per share, for a total transaction of $271,512.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, November 16th, Wynnefield Partners Small Cap acquired 418,952 shares of Summer Infant stock. The shares were purchased at an average price of $1.80 per share, for a total transaction of $754,113.60.
  • On Friday, September 16th, Wynnefield Partners Small Cap acquired 19,472 shares of Summer Infant stock. The shares were purchased 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 acquired 14,100 shares of Summer Infant stock. The shares were purchased 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 acquired 26,600 shares of Summer Infant stock. The shares were purchased 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 acquired 40,200 shares of Summer Infant stock. The shares were purchased at an average price of $2.25 per share, for a total transaction of $90,450.00.

Shares of Summer Infant Inc. (NASDAQ:SUMR) opened at 2.10 on Tuesday. The company’s market capitalization is $38.85 million. The stock has a 50 day moving average of $2.02 and a 200-day moving average of $1.91. Summer Infant Inc. has a 12-month low of $1.22 and a 12-month high of $2.44.

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

A number of brokerages have issued reports on SUMR. 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 report on Tuesday, August 2nd. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $2.00 price target on shares of Summer Infant in a report on Wednesday, August 3rd.

A hedge fund recently raised its stake 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 SEC. The firm 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 as of its most recent SEC filing. 47.76% of the stock is owned by institutional investors and hedge funds.

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

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