Barry Steele Purchases 7,000 Shares of InfuSystem (NYSE:INFU) Stock

InfuSystem Holdings, Inc. (NYSE:INFU) CFO Barry Steele bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $8.71 per share, with a total value of $60,970.00. Following the transaction, the chief financial officer directly owned 96,590 shares in the company, valued at $841,298.90. This represents a 7.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

InfuSystem Trading Down 2.4%

Shares of InfuSystem stock opened at $8.21 on Thursday. The stock has a market capitalization of $165.79 million, a P/E ratio of 136.86 and a beta of 1.49. The company has a quick ratio of 1.59, a current ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $9.64 and a 200 day simple moving average of $9.19. InfuSystem Holdings, Inc. has a 12-month low of $5.08 and a 12-month high of $11.04.

Institutional Investors Weigh In On InfuSystem

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its holdings in InfuSystem by 5.7% during the 1st quarter. Hsbc Holdings PLC now owns 30,097 shares of the company’s stock worth $281,000 after acquiring an additional 1,619 shares during the last quarter. Geode Capital Management LLC grew its holdings in InfuSystem by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 218,123 shares of the company’s stock worth $1,958,000 after acquiring an additional 1,831 shares during the last quarter. HighTower Advisors LLC grew its holdings in InfuSystem by 13.8% during the 4th quarter. HighTower Advisors LLC now owns 21,061 shares of the company’s stock worth $189,000 after acquiring an additional 2,561 shares during the last quarter. Integrated Quantitative Investments LLC grew its holdings in InfuSystem by 6.9% during the 4th quarter. Integrated Quantitative Investments LLC now owns 41,484 shares of the company’s stock worth $372,000 after acquiring an additional 2,684 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in InfuSystem by 25.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 13,724 shares of the company’s stock worth $123,000 after acquiring an additional 2,811 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating and set a $15.00 target price (up from $14.00) on shares of InfuSystem in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

About InfuSystem

InfuSystem Holdings Inc is a medical technology company that specializes in the rental, management and servicing of infusion pumps and associated devices used primarily for outpatient infusion therapy. The company provides a comprehensive suite of services that includes equipment delivery, setup and retrieval, preventive and corrective maintenance, reprocessing and quality assurance. InfuSystem’s offerings are designed to help hospitals, ambulatory surgery centers, oncology clinics and private infusion suites streamline clinical operations and maintain compliance with safety standards.

In addition to pump rental and repair services, InfuSystem has expanded into remote patient monitoring solutions.