Cadence Capital Management LLC Acquires 38,955 Shares of Simulations Plus, Inc. (SLP)

Cadence Capital Management LLC increased its stake in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 59.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,624 shares of the technology company’s stock after buying an additional 38,955 shares during the period. Cadence Capital Management LLC owned approximately 0.61% of Simulations Plus worth $1,229,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SLP. Redmond Asset Management LLC increased its position in shares of Simulations Plus by 0.5% in the fourth quarter. Redmond Asset Management LLC now owns 28,022 shares of the technology company’s stock valued at $270,000 after buying an additional 153 shares during the last quarter. Rice Hall James & Associates LLC increased its position in shares of Simulations Plus by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 82,950 shares of the technology company’s stock valued at $975,000 after buying an additional 2,304 shares during the last quarter. Crawford Investment Counsel Inc. increased its position in shares of Simulations Plus by 1.3% in the first quarter. Crawford Investment Counsel Inc. now owns 405,403 shares of the technology company’s stock valued at $4,763,000 after buying an additional 5,328 shares during the last quarter. Menta Capital LLC increased its position in shares of Simulations Plus by 27.6% in the fourth quarter. Menta Capital LLC now owns 29,945 shares of the technology company’s stock valued at $289,000 after buying an additional 6,486 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its position in shares of Simulations Plus by 6.8% in the fourth quarter. Ranger Investment Management L.P. now owns 202,655 shares of the technology company’s stock valued at $1,956,000 after buying an additional 12,955 shares during the last quarter. 29.24% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Simulations Plus (NASDAQ:SLP)

Simulations Plus, Inc. (NASDAQ:SLP) traded down 1.24% during trading on Friday, hitting $11.95. 30,036 shares of the stock traded hands. The company has a 50-day moving average price of $12.05 and a 200-day moving average price of $10.63. Simulations Plus, Inc. has a 12 month low of $6.74 and a 12 month high of $13.00. The stock has a market cap of $206.02 million, a PE ratio of 39.05 and a beta of -0.71.

Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings data on Monday, April 10th. The technology company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $5.71 million during the quarter, compared to the consensus estimate of $5.54 million. Simulations Plus had a return on equity of 22.99% and a net margin of 24.92%. Equities research analysts expect that Simulations Plus, Inc. will post $0.31 EPS for the current year.

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Separately, Zacks Investment Research downgraded shares of Simulations Plus from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th.

In other news, Director Argenio David Z. D sold 2,674 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $11.68, for a total value of $31,232.32. Following the completion of the sale, the director now directly owns 33,608 shares in the company, valued at approximately $392,541.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thaddeus Henry Grasela, Jr. sold 37,031 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $11.63, for a total transaction of $430,670.53. Following the sale, the president now owns 426,852 shares of the company’s stock, valued at $4,964,288.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,511 shares of company stock valued at $1,692,827. Company insiders own 36.93% of the company’s stock.

About Simulations Plus

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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