Lipocine (NASDAQ:LPCN – Get Free Report) announced its quarterly earnings results on Tuesday. The specialty pharmaceutical company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.08, FiscalAI reports. The company had revenue of $0.19 million during the quarter, compared to the consensus estimate of $0.21 million. Lipocine had a negative return on equity of 66.70% and a negative net margin of 571.18%.
Lipocine Trading Up 1.7%
Shares of LPCN stock traded up $0.04 on Tuesday, hitting $2.15. 17,760 shares of the stock were exchanged, compared to its average volume of 228,463. The firm has a market capitalization of $17.68 million, a P/E ratio of -1.14 and a beta of 0.44. Lipocine has a fifty-two week low of $1.81 and a fifty-two week high of $12.37. The business has a 50-day moving average of $2.28 and a 200 day moving average of $4.87.
Hedge Funds Weigh In On Lipocine
A number of large investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in shares of Lipocine during the 3rd quarter worth approximately $41,000. Jane Street Group LLC acquired a new position in Lipocine during the fourth quarter worth $85,000. Renaissance Technologies LLC boosted its holdings in Lipocine by 3.6% during the fourth quarter. Renaissance Technologies LLC now owns 37,397 shares of the specialty pharmaceutical company’s stock worth $300,000 after purchasing an additional 1,300 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Lipocine in the fourth quarter valued at $441,000. Finally, Geode Capital Management LLC lifted its position in Lipocine by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 62,450 shares of the specialty pharmaceutical company’s stock worth $502,000 after buying an additional 1,374 shares in the last quarter. Institutional investors and hedge funds own 9.11% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on LPCN
Lipocine Company Profile
Lipocine Inc is a clinical-stage pharmaceutical company focused on the development and commercialization of oral drug delivery technologies. The company’s core expertise lies in lipid-based formulations designed to improve the bioavailability of therapeutics that traditionally require injectable administration. By leveraging proprietary technologies, Lipocine aims to offer patient-friendly alternatives with the potential for more consistent pharmacokinetic profiles and improved compliance.
The company’s lead product, TLANDO (LPCN 1021), is an oral testosterone replacement therapy approved by the U.S.
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