Lannett Company, Inc. (NYSE:LCI) major shareholder David Farber sold 10,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $26.88, for a total transaction of $268,800.00. Following the completion of the sale, the insider now directly owns 4,191,269 shares of the company’s stock, valued at approximately $112,661,310.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

David Farber also recently made the following trade(s):

  • On Wednesday, November 8th, David Farber sold 10,000 shares of Lannett stock. The stock was sold at an average price of $25.03, for a total transaction of $250,300.00.

Lannett Company, Inc. (LCI) opened at $29.25 on Wednesday. The firm has a market cap of $1,075.40, a price-to-earnings ratio of 10.61, a PEG ratio of 2.39 and a beta of 2.85. The company has a quick ratio of 1.90, a current ratio of 2.52 and a debt-to-equity ratio of 1.44. Lannett Company, Inc. has a 52 week low of $14.90 and a 52 week high of $30.20.

Lannett (NYSE:LCI) last announced its earnings results on Monday, November 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $155.00 million during the quarter, compared to the consensus estimate of $153.62 million. Lannett had a net margin of 6.67% and a return on equity of 18.23%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. analysts anticipate that Lannett Company, Inc. will post 2.99 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its stake in Lannett by 77.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,753 shares of the company’s stock valued at $117,000 after acquiring an additional 2,513 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Lannett by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,940 shares of the company’s stock valued at $142,000 after acquiring an additional 300 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Lannett by 49.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,235 shares of the company’s stock valued at $188,000 after acquiring an additional 3,061 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Lannett during the 3rd quarter valued at $188,000. Finally, Hartford Investment Management Co. bought a new position in Lannett during the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Lannett from a “hold” rating to a “buy” rating in a research note on Saturday, November 25th. Zacks Investment Research upgraded shares of Lannett from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Friday, November 10th. BMO Capital Markets upped their target price on shares of Lannett from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, November 13th. BidaskClub downgraded shares of Lannett from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, Deutsche Bank decreased their target price on shares of Lannett from $23.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Lannett currently has a consensus rating of “Hold” and an average price target of $22.80.

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About Lannett

Lannett Company, Inc develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company manufactures and/or distributes prescription products with the exception of a small portfolio of over-the-counter products manufactured by its subsidiary, Silarx Pharmaceuticals, Inc As of June 30, 2016, the Company’s products included Acetazolamide Tablets; Butalbital, Acetaminophen and Caffeine Tablets; Butalbital, Aspirin and Caffeine Capsules; C-Topical Solution; Digoxin Tablets; Glycolax Rx; Isosorbide Mononitrate CR; Levothyroxine Sodium Tablets; Methylphenidate HCL CD; Methylphenidate ER; Nifedipine CR; Omeprazole DR; Oxbutynin ER; Pantoprazole DR; Pilocarpine HCl Tablets; Triamterene w/Hydrochlorothiazide Capsules, and Ursodiol Capsules.

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