EAM Investors LLC Takes $830,000 Position in STRATA Skin Sciences Inc (SSKN)

EAM Investors LLC bought a new stake in shares of STRATA Skin Sciences Inc (NASDAQ:SSKN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 234,539 shares of the medical device company’s stock, valued at approximately $830,000. EAM Investors LLC owned approximately 0.78% of STRATA Skin Sciences at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Nantahala Capital Management LLC bought a new stake in STRATA Skin Sciences during the 2nd quarter valued at $4,261,000. Menora Mivtachim Holdings LTD. acquired a new position in shares of STRATA Skin Sciences during the 2nd quarter valued at $1,138,000. Renaissance Technologies LLC increased its position in shares of STRATA Skin Sciences by 164.6% during the 2nd quarter. Renaissance Technologies LLC now owns 293,499 shares of the medical device company’s stock valued at $602,000 after purchasing an additional 182,579 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of STRATA Skin Sciences by 89.7% during the 2nd quarter. Macquarie Group Ltd. now owns 134,033 shares of the medical device company’s stock valued at $275,000 after purchasing an additional 63,393 shares during the period. 30.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SSKN stock opened at $2.74 on Friday. STRATA Skin Sciences Inc has a 1 year low of $1.09 and a 1 year high of $3.88. The firm has a market cap of $78.15 million, a PE ratio of 1.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.03 and a current ratio of 4.54.

STRATA Skin Sciences (NASDAQ:SSKN) last issued its quarterly earnings results on Tuesday, November 13th. The medical device company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. STRATA Skin Sciences had a negative return on equity of 18.83% and a negative net margin of 18.33%. The company had revenue of $7.89 million for the quarter, compared to analysts’ expectations of $7.64 million. As a group, research analysts expect that STRATA Skin Sciences Inc will post -0.11 earnings per share for the current year.

SSKN has been the topic of several research analyst reports. Zacks Investment Research cut STRATA Skin Sciences from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 1st. HC Wainwright set a $3.00 price target on STRATA Skin Sciences and gave the company a “buy” rating in a research report on Tuesday, August 14th. Finally, Dawson James initiated coverage on STRATA Skin Sciences in a research report on Tuesday, September 4th. They set a “buy” rating on the stock.

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STRATA Skin Sciences Company Profile

STRATA Skin Sciences, Inc, a medical technology company, focuses on the therapeutic and aesthetic dermatology market. The company operates through three segments: Dermatology Recurring Procedures, Dermatology Procedures Equipment, and Dermatology Imaging. Its products include XTRAC laser and VTRAC excimer lamp systems used for the treatment of psoriasis, vitiligo, and other skin conditions; the STRATAPEN MicroSystems, a micropigmentation device; and Nordlys, a multi-technology aesthetic laser device for treating vascular and pigmented lesions.

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Institutional Ownership by Quarter for STRATA Skin Sciences (NASDAQ:SSKN)

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