Flexion Therapeutics Inc (NASDAQ:FLXN) Director Samuel D. Colella acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $10.74 per share, for a total transaction of $21,480.00. Following the purchase, the director now directly owns 25,504 shares in the company, valued at approximately $273,912.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
FLXN opened at $11.20 on Friday. The firm has a 50-day moving average price of $10.73. Flexion Therapeutics Inc has a 1 year low of $8.76 and a 1 year high of $24.10. The company has a debt-to-equity ratio of 3.95, a quick ratio of 6.06 and a current ratio of 7.80.
Flexion Therapeutics (NASDAQ:FLXN) last released its quarterly earnings results on Tuesday, August 6th. The specialty pharmaceutical company reported ($0.96) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.06) by $0.10. Flexion Therapeutics had a negative return on equity of 175.29% and a negative net margin of 368.31%. The firm had revenue of $16.95 million for the quarter, compared to the consensus estimate of $14.03 million. On average, analysts expect that Flexion Therapeutics Inc will post -4.05 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Aperio Group LLC bought a new position in shares of Flexion Therapeutics in the 2nd quarter valued at about $46,000. Cutler Group LP grew its holdings in shares of Flexion Therapeutics by 2,650.0% in the 2nd quarter. Cutler Group LP now owns 5,500 shares of the specialty pharmaceutical company’s stock valued at $67,000 after acquiring an additional 5,300 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Flexion Therapeutics by 53,692.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,993 shares of the specialty pharmaceutical company’s stock valued at $87,000 after acquiring an additional 6,980 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Flexion Therapeutics by 68.2% in the 4th quarter. Advisor Group Inc. now owns 8,608 shares of the specialty pharmaceutical company’s stock valued at $97,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of Flexion Therapeutics in the 2nd quarter valued at about $123,000. Institutional investors own 89.05% of the company’s stock.
About Flexion Therapeutics
Flexion Therapeutics, Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of anti-inflammatory and analgesic therapies for the treatment of patients with musculoskeletal conditions. It offers ZILRETTA, an intra-articular injection for the management of osteoarthritis (OA) pain of the knee in the United States.
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