XOMA Corp (XOMA) Major Shareholder Buys $54,524.92 in Stock

XOMA Corp (NASDAQ:XOMA) major shareholder Bvf Partners L. P/Il acquired 3,797 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $14.36 per share, for a total transaction of $54,524.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

XOMA stock traded up $1.27 during trading on Thursday, hitting $16.09. The stock had a trading volume of 1,717 shares, compared to its average volume of 53,229. XOMA Corp has a 1-year low of $11.02 and a 1-year high of $25.99. The company has a market capitalization of $127.38 million, a price-to-earnings ratio of -10.12 and a beta of 2.38. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.13.

XOMA (NASDAQ:XOMA) last announced its earnings results on Monday, May 6th. The biotechnology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.33. XOMA had a negative net margin of 48.62% and a negative return on equity of 51.66%. The firm had revenue of $8.13 million during the quarter, compared to the consensus estimate of $3.23 million. As a group, research analysts predict that XOMA Corp will post -1.18 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Smart Portfolios LLC acquired a new position in XOMA in the 1st quarter valued at about $36,000. California Public Employees Retirement System raised its stake in XOMA by 11.5% in the 4th quarter. California Public Employees Retirement System now owns 11,860 shares of the biotechnology company’s stock valued at $150,000 after purchasing an additional 1,220 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in XOMA by 22.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,379 shares of the biotechnology company’s stock valued at $203,000 after purchasing an additional 3,029 shares during the last quarter. First Manhattan Co. raised its stake in XOMA by 100.0% in the 1st quarter. First Manhattan Co. now owns 20,000 shares of the biotechnology company’s stock valued at $247,000 after purchasing an additional 10,000 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its stake in XOMA by 30.3% in the 1st quarter. ClariVest Asset Management LLC now owns 29,221 shares of the biotechnology company’s stock valued at $362,000 after purchasing an additional 6,800 shares during the last quarter. 48.71% of the stock is owned by hedge funds and other institutional investors.

XOMA has been the topic of several recent research reports. ValuEngine lowered shares of XOMA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. HC Wainwright set a $30.00 price objective on shares of XOMA and gave the stock a “buy” rating in a research report on Friday, April 12th. Wedbush set a $25.00 price objective on shares of XOMA and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. XOMA has a consensus rating of “Hold” and a consensus target price of $24.57.

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XOMA Company Profile

XOMA Corporation, a biotech company, discovers and develops therapeutic candidates in the United States, Europe, and the Asia Pacific. The company has a pipeline of monoclonal antibodies and technologies to license to pharmaceutical and biotechnology companies to further their clinical development. Its proprietary product candidates include X213, an allosteric inhibitor of prolactin action; XMetA, an insulin receptor-activating antibody to provide long-acting reduction of hyperglycemia in Type 2 diabetic patients; IL-2, a therapy for metastatic melanoma and renal cell carcinoma; and PTH1R, an anti-parathyroid receptor pipeline to address unmet medical needs, including primary hyperparathyroidism and humoral hypercalcemia of malignancy.

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Insider Buying and Selling by Quarter for XOMA (NASDAQ:XOMA)

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