Harvard Bioscience, Inc. (HBIO) Director George Uveges Sells 35,054 Shares

Harvard Bioscience, Inc. (NASDAQ:HBIO) Director George Uveges sold 35,054 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $4.61, for a total value of $161,598.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Harvard Bioscience, Inc. (HBIO) traded up $0.20 during trading on Monday, reaching $4.80. The company had a trading volume of 144,131 shares, compared to its average volume of 167,103. Harvard Bioscience, Inc. has a 1-year low of $2.25 and a 1-year high of $5.20. The firm has a market cap of $160.45, a price-to-earnings ratio of -240.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 3.40.

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Harvard Bioscience (NASDAQ:HBIO) last announced its earnings results on Thursday, March 1st. The medical instruments supplier reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. Harvard Bioscience had a positive return on equity of 2.38% and a negative net margin of 0.85%. The business had revenue of $27.46 million for the quarter, compared to analyst estimates of $26.60 million. analysts anticipate that Harvard Bioscience, Inc. will post 0.11 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Algert Global LLC increased its position in shares of Harvard Bioscience by 31.0% during the 3rd quarter. Algert Global LLC now owns 149,094 shares of the medical instruments supplier’s stock worth $559,000 after purchasing an additional 35,276 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Harvard Bioscience by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,740,790 shares of the medical instruments supplier’s stock worth $6,528,000 after acquiring an additional 30,068 shares during the period. Granahan Investment Management Inc. MA boosted its stake in shares of Harvard Bioscience by 80.7% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 537,467 shares of the medical instruments supplier’s stock worth $2,016,000 after acquiring an additional 240,055 shares during the period. New York State Common Retirement Fund bought a new position in shares of Harvard Bioscience during the 3rd quarter worth approximately $321,000. Finally, Vanguard Group Inc. boosted its stake in shares of Harvard Bioscience by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,540,021 shares of the medical instruments supplier’s stock worth $3,927,000 after acquiring an additional 25,582 shares during the period. 63.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on HBIO shares. Zacks Investment Research upgraded Harvard Bioscience from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Thursday. Janney Montgomery Scott raised their target price on Harvard Bioscience from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Benchmark raised their target price on Harvard Bioscience from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $7.75.

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Harvard Bioscience Company Profile

Harvard Bioscience, Inc is a developer, manufacturer and marketer of a range of scientific instruments, systems and lab consumables used for basic research, drug discovery, clinical and environmental testing. The Company’s products are sold to thousands of researchers in over 100 countries through its global sales organization, Websites, catalogs and through distributors.

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