Summer Infant, Inc. (NASDAQ:SUMR) Director Andrew Michael Train purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was bought at an average price of $1.34 per share, for a total transaction of $13,400.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $33,500. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Summer Infant opened at $1.39 on Friday, MarketBeat Ratings reports. Summer Infant, Inc. has a 1 year low of $0.72 and a 1 year high of $2.25. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.95 and a current ratio of 1.81. The firm has a market capitalization of $24.29 million, a P/E ratio of 43.33 and a beta of -0.26.
Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $42.06 million for the quarter, compared to analyst estimates of $40.24 million. Summer Infant had a negative net margin of 2.78% and a positive return on equity of 4.01%. analysts forecast that Summer Infant, Inc. will post 0.1 EPS for the current year.
Separately, Zacks Investment Research raised shares of Summer Infant from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $2.50.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan purchased a new stake in Summer Infant in the fourth quarter valued at approximately $333,000. Quantum Capital Management raised its stake in shares of Summer Infant by 18.6% during the first quarter. Quantum Capital Management now owns 337,936 shares of the company’s stock worth $389,000 after purchasing an additional 52,942 shares during the last quarter. Renaissance Technologies LLC raised its position in Summer Infant by 15.2% in the fourth quarter. Renaissance Technologies LLC now owns 340,800 shares of the company’s stock worth $511,000 after acquiring an additional 45,000 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its position in Summer Infant by 76.1% in the fourth quarter. Kennedy Capital Management Inc. now owns 514,142 shares of the company’s stock worth $771,000 after acquiring an additional 222,217 shares in the last quarter. 49.75% of the stock is owned by hedge funds and other institutional investors.
About Summer Infant
Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer Infant, SwaddleMe, and Born Free brand names.
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