Paratek Pharmaceuticals Inc (NASDAQ:PRTK) VP Adam Woodrow sold 14,333 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $13.87, for a total transaction of $198,798.71. Following the sale, the vice president now directly owns 62,367 shares in the company, valued at approximately $865,030.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Paratek Pharmaceuticals Inc (NASDAQ PRTK) opened at $12.70 on Friday. Paratek Pharmaceuticals Inc has a one year low of $12.63 and a one year high of $29.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 10.53 and a quick ratio of 10.53.
Paratek Pharmaceuticals (NASDAQ:PRTK) last released its quarterly earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.77) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.93) by $0.16. Paratek Pharmaceuticals had a negative net margin of 1,236.38% and a negative return on equity of 100.84%. The firm had revenue of $0.01 million for the quarter. analysts expect that Paratek Pharmaceuticals Inc will post -3.32 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cadence Capital Management LLC grew its stake in Paratek Pharmaceuticals by 101.2% in the 4th quarter. Cadence Capital Management LLC now owns 49,328 shares of the specialty pharmaceutical company’s stock valued at $883,000 after acquiring an additional 24,806 shares during the period. Moody Aldrich Partners LLC lifted its holdings in Paratek Pharmaceuticals by 26.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 54,394 shares of the specialty pharmaceutical company’s stock valued at $974,000 after purchasing an additional 11,324 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Paratek Pharmaceuticals by 12.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 92,366 shares of the specialty pharmaceutical company’s stock valued at $1,654,000 after purchasing an additional 10,202 shares in the last quarter. Iguana Healthcare Management LLC purchased a new position in Paratek Pharmaceuticals in the 3rd quarter valued at $879,000. Finally, Belpointe Asset Management LLC purchased a new position in Paratek Pharmaceuticals in the 3rd quarter valued at $228,000. 75.05% of the stock is currently owned by hedge funds and other institutional investors.
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About Paratek Pharmaceuticals
Paratek Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics based upon tetracycline chemistry. Its product candidates are the antibacterials omadacycline and sarecycline. Omadacycline is an antibiotic being developed for use as an empiric monotherapy option for patients suffering from serious, community-acquired bacterial infections.
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