Verrica Pharmaceuticals Inc (VRCA) Director Acquires $993,330.00 in Stock

Verrica Pharmaceuticals Inc (NASDAQ:VRCA) Director Paul B. Manning acquired 70,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $14.15 per share, for a total transaction of $993,330.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:VRCA traded down $1.66 during midday trading on Wednesday, reaching $13.57. 120,000 shares of the company were exchanged, compared to its average volume of 61,892. Verrica Pharmaceuticals Inc has a fifty-two week low of $11.41 and a fifty-two week high of $23.29.

Verrica Pharmaceuticals (NASDAQ:VRCA) last released its earnings results on Wednesday, November 7th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). Research analysts predict that Verrica Pharmaceuticals Inc will post -1.17 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Verrica Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

A number of institutional investors have recently added to or reduced their stakes in VRCA. Bank of New York Mellon Corp bought a new position in Verrica Pharmaceuticals in the third quarter valued at $195,000. Capital Investment Advisory Services LLC bought a new position in Verrica Pharmaceuticals in the second quarter valued at $211,000. Laurion Capital Management LP bought a new position in Verrica Pharmaceuticals in the second quarter valued at $395,000. Dean Capital Investments Management LLC bought a new position in Verrica Pharmaceuticals in the second quarter valued at $676,000. Finally, Asymmetry Capital Management L.P. bought a new position in Verrica Pharmaceuticals in the second quarter valued at $1,184,000. 31.94% of the stock is owned by institutional investors and hedge funds.

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About Verrica Pharmaceuticals

Verrica Pharmaceuticals Inc develops and commercializes dermatological treatments in the United States. The company is advancing its lead product VP-102, a proprietary topical therapy, in various common skin indications, including Molluscum contagiosum and Verruca Vulgaris. It is also developing 2 Phase 3 trials in molluscum contagiosum under NCT03377803 and NCT03377790.

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