Advisor Group Inc. Has $55,000 Position in Iradimed Corp (IRMD)
Advisor Group Inc. lessened its position in shares of Iradimed Corp (NASDAQ:IRMD) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,250 shares of the medical equipment provider’s stock after selling 700 shares during the quarter. Advisor Group Inc.’s holdings in Iradimed were worth $55,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Ruggie Capital Group acquired a new stake in Iradimed during the fourth quarter valued at $34,000. Nkcfo LLC acquired a new stake in Iradimed during the fourth quarter valued at $87,000. Teachers Advisors LLC acquired a new stake in Iradimed during the third quarter valued at $261,000. GSA Capital Partners LLP acquired a new stake in Iradimed during the third quarter valued at $382,000. Finally, Dupont Capital Management Corp acquired a new stake in Iradimed during the fourth quarter valued at $364,000. Institutional investors own 21.26% of the company’s stock.
IRMD opened at $27.68 on Tuesday. The firm has a market cap of $306.59 million, a price-to-earnings ratio of 64.37 and a beta of 1.80. Iradimed Corp has a 52-week low of $14.75 and a 52-week high of $38.78.
Several research firms have issued reports on IRMD. ValuEngine downgraded shares of Iradimed from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. Zacks Investment Research downgraded shares of Iradimed from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, BidaskClub raised shares of Iradimed from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $33.00.
In other Iradimed news, Director Monty K. Allen sold 10,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $25.39, for a total transaction of $253,900.00. Following the transaction, the director now directly owns 33,663 shares of the company’s stock, valued at $854,703.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Steven M. Nardi sold 1,418 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $26.07, for a total transaction of $36,967.26. Following the transaction, the vice president now directly owns 3,228 shares in the company, valued at $84,153.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,615 shares of company stock worth $2,606,807. Insiders own 61.20% of the company’s stock.
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Iradimed Company Profile
IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationally. It offers MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; and MRI compatible patient vital signs monitoring system.
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