Vivo Capital LLC Takes $7.43 Million Position in Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB)

Vivo Capital LLC purchased a new stake in Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 6,818,181 shares of the company’s stock, valued at approximately $7,432,000.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its stake in Matinas BioPharma by 100.4% during the 4th quarter. Private Advisor Group LLC now owns 49,850 shares of the company’s stock valued at $30,000 after purchasing an additional 24,978 shares during the period. BlackRock Inc. lifted its stake in shares of Matinas BioPharma by 147.1% in the 4th quarter. BlackRock Inc. now owns 290,589 shares of the company’s stock worth $173,000 after acquiring an additional 173,005 shares during the period. IPG Investment Advisors LLC lifted its stake in shares of Matinas BioPharma by 54.5% in the 1st quarter. IPG Investment Advisors LLC now owns 42,500 shares of the company’s stock worth $46,000 after acquiring an additional 15,000 shares during the period. Tibra Equities Europe Ltd acquired a new stake in shares of Matinas BioPharma in the 1st quarter worth approximately $264,000. Finally, Virtu Financial LLC lifted its stake in shares of Matinas BioPharma by 80.0% in the 1st quarter. Virtu Financial LLC now owns 116,636 shares of the company’s stock worth $127,000 after acquiring an additional 51,853 shares during the period.

In other news, Director Adam K. Stern purchased 80,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $0.94 per share, for a total transaction of $75,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 140,000 shares of company stock worth $129,300 over the last quarter.

Shares of NYSEAMERICAN MTNB traded down $0.01 during midday trading on Wednesday, reaching $0.79. The company’s stock had a trading volume of 650,361 shares, compared to its average volume of 1,041,284. Matinas BioPharma Holdings Inc has a one year low of $0.32 and a one year high of $1.50.

Matinas BioPharma (NYSEAMERICAN:MTNB) last released its earnings results on Monday, May 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01).

A number of analysts have recently weighed in on MTNB shares. BTIG Research started coverage on shares of Matinas BioPharma in a research note on Friday, May 17th. They issued a “buy” rating and a $5.00 price target for the company. Maxim Group reaffirmed a “buy” rating and issued a $5.00 price target on shares of Matinas BioPharma in a research note on Thursday, May 16th. Finally, Zacks Investment Research upgraded shares of Matinas BioPharma from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a report on Tuesday, April 16th.

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About Matinas BioPharma

Matinas BioPharma Holdings, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of various product candidates. The company enables the delivery of life-changing medicines using its lipid nano-crystal (LNC) platform technology. Its LNC delivery technology platform utilizes lipid nano-crystals which can encapsulate small molecules, oligonucleotides, vaccines, peptides, proteins and other medicines potentially making them safer, more tolerable, less toxic, and orally bioavailable.

Further Reading: Understanding Average Daily Trade Volume

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Institutional Ownership by Quarter for Matinas BioPharma (NYSEAMERICAN:MTNB)

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