Flexion Therapeutics Inc (NASDAQ:FLXN) insider Michael D. Clayman purchased 4,012 shares of the company’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $12.48 per share, with a total value of $50,069.76. Following the purchase, the insider now owns 74,868 shares of the company’s stock, valued at $934,352.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
FLXN stock traded up $0.57 during mid-day trading on Thursday, hitting $13.16. 1,389 shares of the stock were exchanged, compared to its average volume of 673,421. The company has a quick ratio of 6.06, a current ratio of 6.32 and a debt-to-equity ratio of 2.10. Flexion Therapeutics Inc has a 12 month low of $9.65 and a 12 month high of $29.10. The firm has a market cap of $464.27 million, a P/E ratio of -2.89 and a beta of 1.56.
Flexion Therapeutics (NASDAQ:FLXN) last issued its quarterly earnings results on Wednesday, May 8th. The specialty pharmaceutical company reported ($1.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.13) by $0.04. Flexion Therapeutics had a negative return on equity of 131.94% and a negative net margin of 549.07%. The firm had revenue of $10.56 million during the quarter, compared to analyst estimates of $11.10 million. As a group, research analysts expect that Flexion Therapeutics Inc will post -4.07 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FLXN. Carroll Financial Associates Inc. increased its holdings in shares of Flexion Therapeutics by 100.0% in the fourth quarter. Carroll Financial Associates Inc. now owns 2,000 shares of the specialty pharmaceutical company’s stock worth $26,000 after buying an additional 1,000 shares during the period. Next Capital Management LLC purchased a new position in shares of Flexion Therapeutics in the fourth quarter worth about $84,000. BNP Paribas Arbitrage SA increased its holdings in shares of Flexion Therapeutics by 53,692.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,993 shares of the specialty pharmaceutical company’s stock worth $87,000 after buying an additional 6,980 shares during the period. Advisor Group Inc. increased its holdings in shares of Flexion Therapeutics by 68.2% in the fourth quarter. Advisor Group Inc. now owns 8,608 shares of the specialty pharmaceutical company’s stock worth $97,000 after buying an additional 3,490 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Flexion Therapeutics by 341.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,455 shares of the specialty pharmaceutical company’s stock worth $118,000 after buying an additional 8,084 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.
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About Flexion Therapeutics
Flexion Therapeutics, Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of anti-inflammatory and analgesic therapies for the treatment of patients with musculoskeletal conditions. It offers ZILRETTA, an intra-articular injection for the management of osteoarthritis (OA) pain of the knee in the United States.
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