Surmodics, Inc. (SRDX) VP Charles W. Olson Sells 801 Shares

Surmodics, Inc. (NASDAQ:SRDX) VP Charles W. Olson sold 801 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $27.85, for a total transaction of $22,307.85. Following the sale, the vice president now owns 26,585 shares in the company, valued at approximately $740,392.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Surmodics, Inc. (NASDAQ SRDX) traded up 0.50% during trading on Tuesday, reaching $30.05. 56,475 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $26.12 and its 200-day moving average price is $25.10. Surmodics, Inc. has a one year low of $21.90 and a one year high of $30.75. The stock has a market cap of $393.93 million, a P/E ratio of 65.47 and a beta of 0.85.

Surmodics (NASDAQ:SRDX) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.10. Surmodics had a net margin of 8.66% and a return on equity of 7.28%. The business had revenue of $17.80 million for the quarter, compared to analysts’ expectations of $15.98 million. During the same period in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. On average, equities analysts anticipate that Surmodics, Inc. will post $0.31 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Trigran Investments Inc. grew its stake in shares of Surmodics by 17.6% during the 2nd quarter. Trigran Investments Inc. now owns 1,258,613 shares of the company’s stock worth $35,430,000 after purchasing an additional 188,114 shares during the period. Wellington Management Group LLP grew its stake in shares of Surmodics by 8.7% during the 1st quarter. Wellington Management Group LLP now owns 1,174,839 shares of the company’s stock worth $28,255,000 after purchasing an additional 94,388 shares during the period. Renaissance Technologies LLC grew its stake in shares of Surmodics by 4.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,002,721 shares of the company’s stock worth $24,115,000 after purchasing an additional 38,683 shares during the period. Vanguard Group Inc. grew its stake in shares of Surmodics by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 717,091 shares of the company’s stock worth $20,187,000 after purchasing an additional 22,977 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Surmodics by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 630,777 shares of the company’s stock worth $17,756,000 after purchasing an additional 30,356 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on the stock. ValuEngine lowered shares of Surmodics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub upgraded shares of Surmodics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Lake Street Capital assumed coverage on shares of Surmodics in a research report on Friday, July 14th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Aegis assumed coverage on shares of Surmodics in a report on Tuesday, June 27th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.33.

About Surmodics

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.

Insider Buying and Selling by Quarter for Surmodics (NASDAQ:SRDX)

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