Affinity Investment Advisors LLC lifted its position in Lannett Company, Inc. (NYSE:LCI) by 16.1% in the 2nd quarter, Holdings Channel reports. The firm owned 29,501 shares of the company’s stock after purchasing an additional 4,092 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Lannett were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new position in shares of Lannett in the first quarter worth about $139,000. Virginia Retirement Systems ET AL purchased a new position in shares of Lannett in the first quarter worth about $181,000. Quantbot Technologies LP raised its stake in shares of Lannett by 473.7% in the first quarter. Quantbot Technologies LP now owns 12,368 shares of the company’s stock worth $198,000 after purchasing an additional 10,212 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Lannett in the second quarter worth about $168,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Lannett in the fourth quarter worth about $295,000.

Shares of LCI stock opened at $13.55 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.56 and a quick ratio of 1.91. The company has a market cap of $515.09 million, a P/E ratio of 4.74 and a beta of 2.44. Lannett Company, Inc. has a twelve month low of $11.90 and a twelve month high of $30.35.

Several research analysts have recently issued reports on the company. ValuEngine cut Lannett from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Zacks Investment Research cut Lannett from a “hold” rating to a “sell” rating in a research note on Thursday, May 10th. Finally, Oppenheimer restated a “hold” rating on shares of Lannett in a research note on Wednesday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.40.

In related news, VP Kevin Smith sold 11,667 shares of Lannett stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $16.51, for a total transaction of $192,622.17. Following the completion of the transaction, the vice president now directly owns 30,125 shares in the company, valued at $497,363.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.72% of the stock is currently owned by company insiders.

Lannett Profile

Lannett Company, Inc develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the United States. The company offers solid oral, extended release, topical, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, soft gel, and injectable dosages.

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Institutional Ownership by Quarter for Lannett (NYSE:LCI)

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