Great West Life Assurance Co. Can boosted its position in shares of Anika Therapeutics Inc. (NASDAQ:ANIK) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,220 shares of the biotechnology company’s stock after buying an additional 1,974 shares during the period. Great West Life Assurance Co. Can owned 0.14% of Anika Therapeutics worth $921,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ANIK. Atria Investments LLC increased its position in shares of Anika Therapeutics by 13.9% in the first quarter. Atria Investments LLC now owns 5,563 shares of the biotechnology company’s stock worth $242,000 after buying an additional 679 shares during the period. New England Research & Management Inc. purchased a new position in shares of Anika Therapeutics during the first quarter worth approximately $447,000. Thrivent Financial for Lutherans increased its position in shares of Anika Therapeutics by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,920 shares of the biotechnology company’s stock worth $388,000 after buying an additional 390 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Anika Therapeutics by 2.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 28,610 shares of the biotechnology company’s stock worth $1,401,000 after buying an additional 600 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Anika Therapeutics by 176.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,812 shares of the biotechnology company’s stock worth $187,000 after buying an additional 2,432 shares during the period. 81.51% of the stock is owned by institutional investors.
Anika Therapeutics Inc. (NASDAQ:ANIK) opened at 45.32 on Friday. The company has a market cap of $664.12 million, a P/E ratio of 21.87 and a beta of 1.64. Anika Therapeutics Inc. has a 12 month low of $41.38 and a 12 month high of $54.96. The stock has a 50 day moving average of $46.47 and a 200-day moving average of $47.03.
Anika Therapeutics (NASDAQ:ANIK) last posted its earnings results on Wednesday, May 3rd. The biotechnology company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Anika Therapeutics had a return on equity of 14.29% and a net margin of 29.81%. The firm had revenue of $23.39 million during the quarter, compared to the consensus estimate of $23.89 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that Anika Therapeutics Inc. will post $1.99 EPS for the current year.
Separately, Zacks Investment Research downgraded shares of Anika Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, February 23rd.
In related news, Director Jeffery S. Thompson sold 10,725 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $47.39, for a total transaction of $508,257.75. Following the completion of the transaction, the director now owns 15,845 shares in the company, valued at $750,894.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.80% of the company’s stock.
Anika Therapeutics Company Profile
Anika Therapeutics, Inc is an orthopedic medicines company. The Company is engaged in developing, manufacturing and commercializing products based on its hyaluronic acid (HA) technology. The Company’s orthopedic medicine portfolio includes ORTHOVISC, MONOVISC, and CINGAL, which alleviate pain and restore joint function by replenishing depleted HA, and HYALOFAST, a solid HA-based scaffold to aid cartilage repair and regeneration.
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