BlackRock Inc. acquired a new position in shares of Tyme Technologies Inc (NASDAQ:TYME) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,994,553 shares of the company’s stock, valued at approximately $6,303,000. BlackRock Inc. owned 1.97% of Tyme Technologies at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of TYME. Millennium Management LLC raised its stake in shares of Tyme Technologies by 551.5% in the 1st quarter. Millennium Management LLC now owns 1,551,315 shares of the company’s stock valued at $3,459,000 after purchasing an additional 1,313,190 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Tyme Technologies in the 2nd quarter valued at about $267,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Tyme Technologies in the 2nd quarter valued at about $248,000. Perkins Capital Management Inc. raised its stake in shares of Tyme Technologies by 330.0% in the 2nd quarter. Perkins Capital Management Inc. now owns 101,050 shares of the company’s stock valued at $319,000 after purchasing an additional 77,550 shares during the period. Finally, Rhumbline Advisers acquired a new stake in shares of Tyme Technologies in the 2nd quarter valued at about $110,000. 11.14% of the stock is currently owned by institutional investors and hedge funds.
TYME opened at $2.13 on Friday. The stock has a market capitalization of $227.64 million, a price-to-earnings ratio of -10.14 and a beta of 0.57. Tyme Technologies Inc has a 1 year low of $2.01 and a 1 year high of $8.30.
About Tyme Technologies
Tyme Technologies, Inc, a clinical-stage biotechnology company, develops novel cancer therapeutics. It is developing SM-88, a combination therapy based on dysfunctional metyrosine derivatives in Phase II development for metastatic pancreatic cancer and biomarker-recurrent prostate cancer. The company was founded in 2011 and is headquartered in New York, New York.
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