Peregrine Capital Management LLC Boosts Holdings in Mirion Technologies, Inc. $MIR

Peregrine Capital Management LLC grew its stake in Mirion Technologies, Inc. (NYSE:MIR) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 462,383 shares of the company’s stock after purchasing an additional 59,259 shares during the quarter. Peregrine Capital Management LLC’s holdings in Mirion Technologies were worth $8,596,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MIR. Pictet Asset Management Holding SA raised its position in shares of Mirion Technologies by 6.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 35,491 shares of the company’s stock worth $660,000 after purchasing an additional 2,099 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Mirion Technologies in the 1st quarter worth about $2,017,000. Rockefeller Capital Management L.P. boosted its holdings in Mirion Technologies by 17.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company’s stock worth $26,676,000 after buying an additional 167,454 shares during the last quarter. Montanaro Asset Management Ltd increased its stake in Mirion Technologies by 48.8% during the 4th quarter. Montanaro Asset Management Ltd now owns 255,400 shares of the company’s stock worth $5,981,000 after buying an additional 83,800 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in Mirion Technologies by 16.9% during the 4th quarter. Corient Private Wealth LLC now owns 14,510 shares of the company’s stock worth $339,000 after buying an additional 2,099 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insider Buying and Selling

In related news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer owned 22,157 shares in the company, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Up 2.9%

MIR stock opened at $17.96 on Wednesday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 179.62 and a beta of 1.03. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 12 month low of $15.58 and a 12 month high of $30.28. The firm has a 50-day moving average of $18.29 and a two-hundred day moving average of $20.95.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The business’s revenue was up 27.5% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts forecast that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MIR shares. Robert W. Baird decreased their target price on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Morgan Stanley dropped their price target on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. JPMorgan Chase & Co. reduced their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.12.

Mirion Technologies Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.