Condor Capital Management acquired a new position in Surmodics, Inc. (NASDAQ:SRDX) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,712 shares of the company’s stock, valued at approximately $208,000. Condor Capital Management owned 0.05% of Surmodics as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SRDX. SG Americas Securities LLC acquired a new stake in shares of Surmodics during the 3rd quarter valued at $116,000. Macquarie Group Ltd. acquired a new stake in shares of Surmodics during the 3rd quarter valued at $123,000. BNP Paribas Arbitrage SA boosted its stake in shares of Surmodics by 66.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,270 shares of the company’s stock valued at $120,000 after buying an additional 1,700 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Surmodics by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,980 shares of the company’s stock valued at $154,000 after buying an additional 1,850 shares during the period. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Surmodics during the 2nd quarter valued at $226,000. 84.84% of the stock is owned by hedge funds and other institutional investors.

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Shares of Surmodics, Inc. (NASDAQ:SRDX) traded down $0.20 during trading hours on Thursday, hitting $31.95. 25,900 shares of the company’s stock were exchanged, compared to its average volume of 39,838. The firm has a market cap of $426.53, a price-to-earnings ratio of 63.04 and a beta of 0.78. Surmodics, Inc. has a 52 week low of $21.90 and a 52 week high of $32.85.

Surmodics (NASDAQ:SRDX) last issued its earnings results on Wednesday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.19. The company had revenue of $20.06 million during the quarter, compared to analyst estimates of $16.98 million. Surmodics had a net margin of 5.37% and a return on equity of 6.18%. research analysts expect that Surmodics, Inc. will post -0.33 earnings per share for the current year.

In other Surmodics news, VP Joseph J. Stich sold 1,000 shares of Surmodics stock in a transaction on Monday, September 11th. The shares were sold at an average price of $27.28, for a total transaction of $27,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.40% of the company’s stock.

A number of equities research analysts have issued reports on SRDX shares. ValuEngine raised shares of Surmodics from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of Surmodics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research lowered shares of Surmodics from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.00.

Surmodics Company Profile

Surmodics, Inc is a provider of medical device and in vitro diagnostic technologies to the healthcare industry. The Company operates through two segments: Medical Device and In Vitro Diagnostics. The Company’s Medical Device segment consists of surface modification coating technologies to improve access, deliverability and predictable deployment of medical devices; international cardiology and peripheral balloon design, development and manufacturing, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device.

Institutional Ownership by Quarter for Surmodics (NASDAQ:SRDX)

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