Summer Infant Inc. (NASDAQ:SUMR) major shareholder Wynnefield Partners Small Cap acquired 348,488 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was acquired at an average cost of $2.00 per share, for a total transaction of $696,976.00. The acquisition was disclosed in a filing with the SEC, which is accessible 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 Monday, November 21st, Wynnefield Partners Small Cap acquired 131,420 shares of Summer Infant stock. The stock was acquired at an average cost of $2.00 per share, for a total transaction of $262,840.00.
  • On Friday, November 18th, Wynnefield Partners Small Cap acquired 135,756 shares of Summer Infant stock. The stock was acquired at an average cost of $2.00 per share, for a total transaction of $271,512.00.
  • On Wednesday, November 16th, Wynnefield Partners Small Cap acquired 418,952 shares of Summer Infant stock. The stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost of $2.25 per share, for a total transaction of $90,450.00.

Summer Infant Inc. (NASDAQ:SUMR) opened at 2.14 on Tuesday. The stock’s market cap is $39.59 million. Summer Infant Inc. has a 12 month low of $1.22 and a 12 month high of $2.44. The stock’s 50 day moving average price is $2.02 and its 200-day moving average price is $1.93.

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

COPYRIGHT VIOLATION NOTICE: “Summer Infant Inc. (SUMR) Major Shareholder Wynnefield Partners Small Cap Buys 348,488 Shares of Stock” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was stolen and reposted in violation of US & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/29/summer-infant-inc-sumr-major-shareholder-wynnefield-partners-small-cap-buys-348488-shares-of-stock.html.

Several research firms have weighed in on SUMR. Piper Jaffray Cos. reissued an “overweight” rating and issued a $2.00 price objective on shares of Summer Infant in a research report on Wednesday, August 3rd. Zacks Investment Research raised Summer Infant from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Tuesday, August 2nd.

A hedge fund recently raised its stake in Summer Infant stock. Tocqueville Asset Management L.P. raised its position in Summer Infant Inc. (NASDAQ:SUMR) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 8.07% of Summer Infant worth $2,469,000 as of its most recent filing with the SEC. Institutional investors own 50.28% 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.