Hartree Partners LP Purchases New Position in Asante Solutions Inc (PUMP)
Hartree Partners LP acquired a new stake in Asante Solutions Inc (NASDAQ:PUMP) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $6,445,000. Asante Solutions comprises about 7.2% of Hartree Partners LP’s investment portfolio, making the stock its 5th largest position. Hartree Partners LP owned approximately 0.95% of Asante Solutions as of its most recent SEC filing.
Separately, Nationwide Fund Advisors bought a new position in Asante Solutions during the first quarter valued at $326,000.
Shares of Asante Solutions Inc (PUMP) remained flat at $13.48 during trading on Friday. The company’s stock had a trading volume of 2,846,079 shares. The firm’s 50-day moving average price is $13.24 and its 200-day moving average price is $13.48. The company’s market capitalization is $1.12 billion. Asante Solutions Inc has a 52 week low of $11.68 and a 52 week high of $15.30.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings data on Wednesday, May 10th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.38. The firm had revenue of $171.90 million for the quarter, compared to analysts’ expectations of $169.68 million. The firm’s revenue was up 95.6% compared to the same quarter last year. Equities research analysts forecast that Asante Solutions Inc will post $0.20 EPS for the current year.
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Several research analysts recently weighed in on PUMP shares. Evercore ISI restated a “buy” rating on shares of Asante Solutions in a research report on Sunday, May 14th. Instinet reiterated a “buy” rating and set a $19.00 target price on shares of Asante Solutions in a research report on Wednesday, April 19th. Nomura began coverage on shares of Asante Solutions in a research report on Wednesday, April 19th. They set a “buy” rating and a $19.00 target price for the company. Tudor Pickering began coverage on shares of Asante Solutions in a report on Monday, April 17th. They issued a “buy” rating for the company. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Asante Solutions in a report on Tuesday, April 11th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $18.89.
In other Asante Solutions news, major shareholder Energy Capital Partners Ii, Ll sold 2,771,557 shares of Asante Solutions stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $14.00, for a total value of $38,801,798.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dale Jackie Redman sold 370,370 shares of Asante Solutions stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $14.00, for a total transaction of $5,185,180.00. Following the completion of the sale, the chief executive officer now directly owns 167,870 shares in the company, valued at approximately $2,350,180. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,476,436 shares of company stock worth $202,670,104.
About Asante Solutions
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
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