Violich Capital Management Inc. Buys Shares of 3,240 ANI Pharmaceuticals Inc (ANIP)

Violich Capital Management Inc. bought a new position in ANI Pharmaceuticals Inc (NASDAQ:ANIP) in the 1st quarter, HoldingsChannel reports. The firm bought 3,240 shares of the specialty pharmaceutical company’s stock, valued at approximately $229,000.

Other hedge funds have also recently modified their holdings of the company. South Dakota Investment Council bought a new position in shares of ANI Pharmaceuticals in the 4th quarter worth $45,000. Financial Gravity Wealth Inc. bought a new position in shares of ANI Pharmaceuticals in the 1st quarter worth $54,000. Quantamental Technologies LLC raised its position in shares of ANI Pharmaceuticals by 169.4% in the 1st quarter. Quantamental Technologies LLC now owns 862 shares of the specialty pharmaceutical company’s stock worth $61,000 after acquiring an additional 542 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of ANI Pharmaceuticals in the 4th quarter worth $115,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of ANI Pharmaceuticals by 55,466.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,667 shares of the specialty pharmaceutical company’s stock worth $118,000 after acquiring an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 60.02% of the company’s stock.

In related news, insider Arthur Przybyl sold 27,625 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $63.53, for a total transaction of $1,755,016.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert W. Schrepfer sold 4,651 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $64.43, for a total value of $299,663.93. Following the transaction, the senior vice president now directly owns 53,484 shares in the company, valued at $3,445,974.12. The disclosure for this sale can be found here. Insiders have sold a total of 74,280 shares of company stock worth $5,010,337 over the last ninety days. 24.70% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on ANIP. ValuEngine raised ANI Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research raised ANI Pharmaceuticals from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Thursday. BidaskClub raised ANI Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 7th. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of ANI Pharmaceuticals in a research report on Monday. Finally, Raymond James lowered ANI Pharmaceuticals from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $73.00 to $82.00 in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. ANI Pharmaceuticals has an average rating of “Buy” and a consensus target price of $84.50.

Shares of ANIP traded down $0.35 during trading hours on Friday, hitting $70.03. The company had a trading volume of 700 shares, compared to its average volume of 116,811. The firm has a market cap of $819.38 million, a price-to-earnings ratio of 15.15 and a beta of 2.37. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. ANI Pharmaceuticals Inc has a one year low of $36.92 and a one year high of $74.00.

ANI Pharmaceuticals (NASDAQ:ANIP) last announced its earnings results on Thursday, May 9th. The specialty pharmaceutical company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.25. ANI Pharmaceuticals had a return on equity of 28.63% and a net margin of 6.58%. The company had revenue of $52.90 million for the quarter, compared to analyst estimates of $50.57 million. During the same period in the prior year, the company posted $1.32 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that ANI Pharmaceuticals Inc will post 5.79 EPS for the current year.

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ANI Pharmaceuticals Company Profile

ANI Pharmaceuticals, Inc, a specialty pharmaceutical company, develops, manufactures, and markets branded and generic prescription pharmaceuticals in the United States and Canada. It focuses on producing controlled substances, oncolytics (anti-cancers), hormones and steroids, and other formulations. The company manufactures oral solid dose products; semi-solids, liquids, and topicals; controlled substances; and potent products, as well as performs contract manufacturing for other pharmaceutical companies.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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Institutional Ownership by Quarter for ANI Pharmaceuticals (NASDAQ:ANIP)

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