New York State Teachers Retirement System boosted its stake in SurModics, Inc. (NASDAQ:SRDX) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,962 shares of the company’s stock after buying an additional 300 shares during the period. New York State Teachers Retirement System owned approximately 0.36% of SurModics worth $1,218,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new position in SurModics during the fourth quarter valued at about $123,000. First Quadrant L P CA raised its stake in SurModics by 9.4% in the third quarter. First Quadrant L P CA now owns 4,374 shares of the company’s stock worth $132,000 after buying an additional 374 shares in the last quarter. Condor Capital Management bought a new stake in SurModics during the third quarter worth about $202,000. Arizona State Retirement System bought a new stake in SurModics during the third quarter worth about $204,000. Finally, Meristem LLP bought a new stake in SurModics during the third quarter worth about $247,000. 85.59% of the stock is currently owned by hedge funds and other institutional investors.
SurModics, Inc. (NASDAQ:SRDX) traded up 0.62% on Thursday, hitting $24.45. The stock had a trading volume of 32,498 shares. The company’s 50 day moving average is $23.93 and its 200 day moving average is $25.24. The firm has a market cap of $324.35 million, a PE ratio of 33.49 and a beta of 1.03. SurModics, Inc. has a 12-month low of $19.86 and a 12-month high of $30.75.
SurModics (NASDAQ:SRDX) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. The firm earned $17.80 million during the quarter, compared to analysts’ expectations of $15.81 million. SurModics had a net margin of 13.46% and a return on equity of 13.14%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. On average, equities research analysts expect that SurModics, Inc. will post $0.32 EPS for the current fiscal year.
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Separately, Zacks Investment Research raised SurModics from a “sell” rating to a “hold” rating in a research report on Monday, January 23rd.
SurModics Company Profile
Surmodics, Inc is a provider of medical device and in vitro diagnostic technologies to the healthcare industry. The Company operates through two segments: Medical Device and In Vitro Diagnostics. The Company’s Medical Device segment consists of surface modification coating technologies to improve access, deliverability and predictable deployment of medical devices; international cardiology and peripheral balloon design, development and manufacturing, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device.
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