Insider Selling: Amphastar Pharmaceuticals Inc. (AMPH) Insider Sells 26,335 Shares of Stock
Amphastar Pharmaceuticals Inc. (NASDAQ:AMPH) insider Jason B. Shandell sold 26,335 shares of Amphastar Pharmaceuticals stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $20.48, for a total value of $539,340.80. Following the transaction, the insider now owns 205,004 shares of the company’s stock, valued at $4,198,481.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Amphastar Pharmaceuticals Inc. (NASDAQ:AMPH) traded down 0.10% during trading on Tuesday, reaching $20.33. The company’s stock had a trading volume of 213,088 shares. The stock has a market cap of $935.65 million, a P/E ratio of 44.39 and a beta of 1.86. The stock has a 50-day moving average of $19.15 and a 200-day moving average of $17.78. Amphastar Pharmaceuticals Inc. has a 52-week low of $10.50 and a 52-week high of $21.66.
Amphastar Pharmaceuticals (NASDAQ:AMPH) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.03 by $0.11. The firm earned $64.20 million during the quarter, compared to the consensus estimate of $65.12 million. Amphastar Pharmaceuticals had a return on equity of 6.79% and a net margin of 7.75%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. Analysts predict that Amphastar Pharmaceuticals Inc. will post $0.47 earnings per share for the current fiscal year.
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Several research analysts have recently commented on AMPH shares. Zacks Investment Research upgraded Amphastar Pharmaceuticals from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, August 1st. Needham & Company LLC lifted their target price on Amphastar Pharmaceuticals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Jefferies Group set a $21.00 target price on Amphastar Pharmaceuticals and gave the stock a “buy” rating in a research note on Wednesday, November 9th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of Amphastar Pharmaceuticals in a research note on Wednesday, September 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $17.00 price target on shares of Amphastar Pharmaceuticals in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Amphastar Pharmaceuticals presently has an average rating of “Buy” and a consensus price target of $20.17.
Several hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. bought a new stake in shares of Amphastar Pharmaceuticals during the second quarter valued at approximately $1,521,000. EAM Investors LLC acquired a new position in Amphastar Pharmaceuticals during the second quarter valued at about $3,978,000. DekaBank Deutsche Girozentrale raised its position in Amphastar Pharmaceuticals by 25.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 24,600 shares of the company’s stock valued at $396,000 after buying an additional 5,000 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Amphastar Pharmaceuticals during the second quarter valued at about $3,227,000. Finally, Swiss National Bank raised its position in Amphastar Pharmaceuticals by 8.1% in the second quarter. Swiss National Bank now owns 58,800 shares of the company’s stock valued at $948,000 after buying an additional 4,400 shares in the last quarter. 48.22% of the stock is owned by hedge funds and other institutional investors.
About Amphastar Pharmaceuticals
Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable and inhalation products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.
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