Violich Capital Management Inc. bought a new position in Asante Solutions Inc (NASDAQ:PUMP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,000 shares of the company’s stock, valued at approximately $203,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund purchased a new position in Asante Solutions in the fourth quarter valued at about $28,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Asante Solutions during the first quarter valued at about $45,000. Bremer Trust National Association acquired a new stake in shares of Asante Solutions during the fourth quarter valued at about $64,000. LS Investment Advisors LLC grew its stake in shares of Asante Solutions by 450.0% during the fourth quarter. LS Investment Advisors LLC now owns 10,411 shares of the company’s stock valued at $128,000 after acquiring an additional 8,518 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of Asante Solutions during the fourth quarter valued at about $142,000.
NASDAQ:PUMP traded down $0.29 during mid-day trading on Friday, reaching $23.76. The stock had a trading volume of 16,706 shares, compared to its average volume of 1,290,344. Asante Solutions Inc has a 1-year low of $11.27 and a 1-year high of $25.38.
Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $546.20 million during the quarter, compared to analyst estimates of $519.39 million. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share.
In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of Asante Solutions stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $23.96, for a total value of $539,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PUMP has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on Asante Solutions in a research note on Sunday, March 10th. They set a “buy” rating and a $28.00 target price for the company. Bank of America restated a “neutral” rating on shares of Asante Solutions in a research note on Tuesday, April 16th. Zacks Investment Research upgraded Asante Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. B. Riley initiated coverage on Asante Solutions in a research note on Friday. They set a “buy” rating and a $29.00 target price for the company. Finally, Royal Bank of Canada set a $24.00 target price on Asante Solutions and gave the company a “buy” rating in a research note on Thursday, February 28th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.18.
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Asante Solutions Company Profile
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
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