TIAA CREF Investment Management LLC acquired a new position in Simulations Plus, Inc. (NASDAQ:SLP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,167 shares of the technology company’s stock, valued at approximately $360,000. TIAA CREF Investment Management LLC owned 0.17% of Simulations Plus at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rhumbline Advisers bought a new stake in shares of Simulations Plus during the second quarter valued at approximately $126,000. KCG Holdings Inc. bought a new stake in shares of Simulations Plus during the first quarter valued at approximately $152,000. Blair William & Co. IL bought a new stake in shares of Simulations Plus during the second quarter valued at approximately $164,000. Teachers Advisors LLC bought a new stake in shares of Simulations Plus during the second quarter valued at approximately $239,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Simulations Plus in the 2nd quarter worth approximately $241,000. Institutional investors and hedge funds own 33.56% of the company’s stock.
In other Simulations Plus news, insider Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total value of $302,845.00. Following the sale, the insider now owns 5,629,416 shares in the company, valued at approximately $92,153,539.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 55,500 shares of company stock worth $880,600. Corporate insiders own 36.93% of the company’s stock.
Shares of Simulations Plus, Inc. (SLP) traded up $0.30 during trading on Thursday, hitting $15.95. 105,114 shares of the stock traded hands, compared to its average volume of 53,097. Simulations Plus, Inc. has a 1-year low of $8.81 and a 1-year high of $17.45. The stock has a market cap of $271.37, a PE ratio of 46.18 and a beta of -0.76.
Simulations Plus (NASDAQ:SLP) last released its earnings results on Tuesday, November 14th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Simulations Plus had a net margin of 23.94% and a return on equity of 23.95%. The company had revenue of $6.30 million for the quarter, compared to analysts’ expectations of $5.01 million. equities research analysts expect that Simulations Plus, Inc. will post 0.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were paid a $0.06 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.24 annualized dividend and a yield of 1.50%. This is a boost from Simulations Plus’s previous quarterly dividend of $0.05. Simulations Plus’s payout ratio is presently 72.73%.
A number of research firms have commented on SLP. BidaskClub raised shares of Simulations Plus from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research cut shares of Simulations Plus from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th.
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Simulations Plus Company Profile
Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.
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