Goldentree Asset Management Lp Sells 302,950 Shares of Kadmon Holdings Inc (KDMN) Stock

Kadmon Holdings Inc (NASDAQ:KDMN) major shareholder Goldentree Asset Management Lp sold 302,950 shares of Kadmon Holdings stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $2.73, for a total value of $827,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Goldentree Asset Management Lp also recently made the following trade(s):

  • On Monday, July 31st, Goldentree Asset Management Lp sold 349,661 shares of Kadmon Holdings stock. The shares were sold at an average price of $2.60, for a total value of $909,118.60.
  • On Tuesday, July 11th, Goldentree Asset Management Lp sold 34,462 shares of Kadmon Holdings stock. The shares were sold at an average price of $3.69, for a total value of $127,164.78.
  • On Thursday, June 29th, Goldentree Asset Management Lp sold 64,375 shares of Kadmon Holdings stock. The shares were sold at an average price of $4.04, for a total value of $260,075.00.
  • On Tuesday, June 27th, Goldentree Asset Management Lp sold 108,827 shares of Kadmon Holdings stock. The shares were sold at an average price of $3.69, for a total value of $401,571.63.
  • On Monday, June 26th, Goldentree Asset Management Lp sold 515,643 shares of Kadmon Holdings stock. The shares were sold at an average price of $3.51, for a total value of $1,809,906.93.
  • On Thursday, June 22nd, Goldentree Asset Management Lp sold 767,363 shares of Kadmon Holdings stock. The shares were sold at an average price of $3.50, for a total value of $2,685,770.50.

Kadmon Holdings Inc (NASDAQ KDMN) opened at 2.84 on Friday. The company’s 50-day moving average price is $2.46 and its 200 day moving average price is $2.95. The stock’s market capitalization is $147.24 million. Kadmon Holdings Inc has a 52 week low of $2.05 and a 52 week high of $8.50.

Kadmon Holdings (NASDAQ:KDMN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. The company had revenue of $3 million during the quarter, compared to analyst estimates of $3.46 million. The firm’s revenue was down 53.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($4.40) earnings per share. Equities research analysts expect that Kadmon Holdings Inc will post ($1.58) EPS for the current fiscal year.

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KDMN has been the topic of a number of analyst reports. Piper Jaffray Companies set a $7.00 price target on Kadmon Holdings and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Kadmon Holdings from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Tuesday, June 20th. HC Wainwright reiterated a “buy” rating and issued a $25.00 price target on shares of Kadmon Holdings in a report on Monday, June 26th. Finally, ValuEngine downgraded Kadmon Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.92.

A number of large investors have recently bought and sold shares of KDMN. Nationwide Fund Advisors purchased a new position in Kadmon Holdings in the first quarter valued at $192,000. Wells Fargo & Company MN increased its holdings in Kadmon Holdings by 84.8% in the first quarter. Wells Fargo & Company MN now owns 51,291 shares of the company’s stock valued at $186,000 after buying an additional 23,541 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Kadmon Holdings by 302.3% in the first quarter. Bank of New York Mellon Corp now owns 46,304 shares of the company’s stock valued at $167,000 after buying an additional 34,794 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Kadmon Holdings by 11,654.8% in the first quarter. JPMorgan Chase & Co. now owns 228,866 shares of the company’s stock valued at $829,000 after buying an additional 226,919 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new position in Kadmon Holdings in the first quarter valued at $391,000.

About Kadmon Holdings

Kadmon Holdings, Inc is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of various unmet medical needs. The Company is developing product candidates in a number of indications within autoimmune and fibrotic disease, oncology and genetic diseases.

Insider Buying and Selling by Quarter for Kadmon Holdings (NASDAQ:KDMN)

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