Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap acquired 131,420 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were purchased at an average cost of $2.00 per share, with a total value of $262,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Friday, November 18th, Wynnefield Partners Small Cap acquired 135,756 shares of Summer Infant stock. The shares were purchased at an average cost of $2.00 per share, with a total value of $271,512.00.
  • On Wednesday, November 16th, Wynnefield Partners Small Cap acquired 418,952 shares of Summer Infant stock. The shares were purchased at an average cost of $1.80 per share, with a total value 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 cost of $2.20 per share, with a total value 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 cost of $2.02 per share, with a total value 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 cost of $2.08 per share, with a total value of $55,328.00.
  • On Friday, September 9th, Wynnefield Partners Small Cap purchased 40,200 shares of Summer Infant stock. The stock was bought at an average cost of $2.25 per share, with a total value of $90,450.00.

Summer Infant Inc. (NASDAQ:SUMR) remained flat at $2.09 on Thursday. 367,264 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $2.02 and a 200 day moving average price of $1.92. The stock’s market cap is $38.66 million. Summer Infant Inc. has a one year low of $1.22 and a one year high of $2.44.

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

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 disclosure with the Securities and Exchange Commission (SEC). 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 approximately 8.07% of Summer Infant worth $2,469,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 47.76% of the company’s stock.

A number of brokerages recently weighed in on SUMR. Zacks Investment Research raised shares of Summer Infant from a “hold” rating to a “strong-buy” rating and set a $2.50 price target for the company in a research report on Thursday, August 11th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $2.00 price target on shares of Summer Infant in a research report on Wednesday, August 3rd.

ILLEGAL ACTIVITY WARNING: “Summer Infant Inc. (SUMR) Major Shareholder Wynnefield Partners Small Cap Acquires 131,420 Shares” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of international copyright & trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2016/11/24/summer-infant-inc-sumr-major-shareholder-wynnefield-partners-small-cap-acquires-131420-shares.html.

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.

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.