Insider Selling: Milestone Scientific Inc. (NYSE:MLSS) Major Shareholder Sells 60,200 Shares of Stock

Milestone Scientific Inc. (NYSE:MLSS) major shareholder S.R.L. Bp4 sold 60,200 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $0.90, for a total value of $54,180.00. Following the sale, the insider now directly owns 9,531,402 shares of the company’s stock, valued at $8,578,261.80. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

S.R.L. Bp4 also recently made the following trade(s):

• On Thursday, June 5th, S.R.L. Bp4 sold 26,855 shares of Milestone Scientific stock. The shares were sold at an average price of $0.91, for a total transaction of $24,438.05.
• On Thursday, May 29th, S.R.L. Bp4 sold 3,361 shares of Milestone Scientific stock. The shares were sold at an average price of $0.96, for a total transaction of $3,226.56.
• On Wednesday, May 28th, S.R.L. Bp4 sold 14,256 shares of Milestone Scientific stock. The shares were sold at an average price of $0.96, for a total value of $13,685.76.

Milestone Scientific Price Performance

Shares of Milestone Scientific stock opened at $0.91 on Wednesday. Milestone Scientific Inc. has a 1 year low of $0.58 and a 1 year high of $1.39. The company has a market capitalization of $71.18 million, a price-to-earnings ratio of -12.96 and a beta of 0.90. The business has a fifty day simple moving average of $0.94 and a two-hundred day simple moving average of $1.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on Milestone Scientific in a research note on Sunday, May 18th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in shares of Milestone Scientific by 72.8% during the fourth quarter. Renaissance Technologies LLC now owns 126,275 shares of the company’s stock valued at $121,000 after purchasing an additional 53,198 shares in the last quarter. Brookwood Investment Group LLC acquired a new position in shares of Milestone Scientific in the first quarter worth approximately $46,000. Finally, XTX Topco Ltd lifted its stake in shares of Milestone Scientific by 99.2% in the first quarter. XTX Topco Ltd now owns 34,135 shares of the company’s stock worth $32,000 after acquiring an additional 17,002 shares during the period. Institutional investors own 5.79% of the company’s stock.

Milestone Scientific Company Profile

Milestone Scientific Inc, a biomedical technology research and development company, patents, designs, develops, and commercializes diagnostic and therapeutic injection technologies, and devices for medical, dental, and cosmetic use in the United States, China, and internationally. The company operates through Dental and Medical segments.