SG Americas Securities LLC Acquires 2,871 Shares of Quidel Corporation (QDEL)
SG Americas Securities LLC boosted its holdings in shares of Quidel Corporation (NASDAQ:QDEL) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,347 shares of the company’s stock after buying an additional 2,871 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of Quidel Corporation worth $1,041,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in QDEL. Point72 Asset Management L.P. bought a new stake in Quidel Corporation during the first quarter valued at approximately $11,266,000. Macquarie Group Ltd. grew its position in Quidel Corporation by 23.6% during the first quarter. Macquarie Group Ltd. now owns 1,195,927 shares of the company’s stock valued at $27,076,000 after buying an additional 228,515 shares during the period. Acadian Asset Management LLC bought a new stake in Quidel Corporation during the second quarter valued at approximately $3,250,000. Spark Investment Management LLC grew its position in Quidel Corporation by 529.2% during the second quarter. Spark Investment Management LLC now owns 120,800 shares of the company’s stock valued at $3,278,000 after buying an additional 101,600 shares during the period. Finally, Vanguard Group Inc. grew its position in Quidel Corporation by 4.3% during the first quarter. Vanguard Group Inc. now owns 2,126,552 shares of the company’s stock valued at $48,145,000 after buying an additional 87,995 shares during the period. Institutional investors own 87.17% of the company’s stock.
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Several analysts recently issued reports on QDEL shares. William Blair upgraded shares of Quidel Corporation from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 18th. Zacks Investment Research lowered shares of Quidel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. BidaskClub lowered shares of Quidel Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC boosted their target price on shares of Quidel Corporation from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Finally, Canaccord Genuity upgraded shares of Quidel Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Quidel Corporation presently has a consensus rating of “Hold” and a consensus price target of $31.40.
Quidel Corporation (NASDAQ QDEL) opened at 35.70 on Monday. The firm has a 50 day moving average of $33.86 and a 200-day moving average of $26.47. The company’s market capitalization is $1.19 billion. Quidel Corporation has a 52-week low of $18.25 and a 52-week high of $38.92.
Quidel Corporation (NASDAQ:QDEL) last issued its quarterly earnings data on Wednesday, July 26th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.18. The firm had revenue of $38.30 million for the quarter, compared to analyst estimates of $41.91 million. Quidel Corporation had a negative return on equity of 0.03% and a negative net margin of 0.03%. Quidel Corporation’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. Equities analysts expect that Quidel Corporation will post $0.28 EPS for the current year.
In other news, CEO Douglas C. Bryant sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $34.44, for a total transaction of $1,239,840.00. Following the sale, the chief executive officer now owns 296,493 shares of the company’s stock, valued at approximately $10,211,218.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Donald Jr. Abney sold 1,173 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $33.83, for a total transaction of $39,682.59. The disclosure for this sale can be found here. Insiders have sold a total of 203,388 shares of company stock worth $6,691,992 in the last ninety days. Corporate insiders own 22.00% of the company’s stock.
Quidel Corporation Profile
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. These diagnostic testing solutions are separated into four product categories: immunoassays, molecular assays, virology and specialty products. The Company sells its products directly to end users and distributors, in each case, for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, universities, retail clinics, pharmacies and wellness screening centers.
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