Connor Clark & Lunn Investment Management Ltd. raised its stake in Meridian Bioscience, Inc. (NASDAQ:VIVO) by 52.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,325 shares of the company’s stock after acquiring an additional 23,425 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Meridian Bioscience were worth $1,086,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VIVO. SG Americas Securities LLC bought a new stake in Meridian Bioscience in the 1st quarter valued at $104,000. Jane Street Group LLC bought a new stake in Meridian Bioscience in the 4th quarter valued at $140,000. Piedmont Investment Advisors LLC bought a new stake in Meridian Bioscience in the 2nd quarter valued at $157,000. Cubist Systematic Strategies LLC bought a new stake in Meridian Bioscience in the 1st quarter valued at $187,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Meridian Bioscience in the 1st quarter valued at $222,000. Institutional investors own 86.85% of the company’s stock.
Shares of NASDAQ VIVO opened at $14.95 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.89 and a current ratio of 5.73. The firm has a market capitalization of $635.93 million, a price-to-earnings ratio of 22.27 and a beta of 0.85. Meridian Bioscience, Inc. has a 52-week low of $13.50 and a 52-week high of $17.10.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Shareholders of record on Friday, August 10th will be issued a $0.125 dividend. The ex-dividend date is Thursday, August 9th. This represents a $0.50 dividend on an annualized basis and a yield of 3.34%. Meridian Bioscience’s dividend payout ratio is currently 74.63%.
VIVO has been the topic of a number of research reports. BidaskClub downgraded shares of Meridian Bioscience from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. TheStreet upgraded shares of Meridian Bioscience from a “c+” rating to a “b” rating in a report on Monday, July 2nd. Finally, Zacks Investment Research upgraded shares of Meridian Bioscience from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, May 1st.
Meridian Bioscience Profile
Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for various gastrointestinal and viral diseases, respiratory and parasitic infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments.
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