ANI Pharmaceuticals, Inc. (NASDAQ:ANIP – Get Free Report) CEO Nikhil Lalwani sold 5,400 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $71.00, for a total transaction of $383,400.00. Following the completion of the sale, the chief executive officer owned 339,089 shares in the company, valued at $24,075,319. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nikhil Lalwani also recently made the following trade(s):
- On Tuesday, August 25th, Nikhil Lalwani sold 5,400 shares of ANI Pharmaceuticals stock. The stock was sold at an average price of $74.30, for a total transaction of $401,220.00.
ANI Pharmaceuticals Stock Performance
Shares of ANIP stock opened at $73.59 on Thursday. The company has a market cap of $1.69 billion, a P/E ratio of 15.86 and a beta of 0.45. The firm has a fifty day moving average price of $76.47 and a 200 day moving average price of $78.11. The company has a current ratio of 2.91, a quick ratio of 2.41 and a debt-to-equity ratio of 0.99. ANI Pharmaceuticals, Inc. has a 12 month low of $69.58 and a 12 month high of $98.55.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Wall Street Zen lowered shares of ANI Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Canaccord Genuity Group reduced their price objective on shares of ANI Pharmaceuticals from $91.00 to $90.00 and set a “hold” rating for the company in a research report on Monday, August 10th. Weiss Ratings cut shares of ANI Pharmaceuticals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Leerink Partners began coverage on shares of ANI Pharmaceuticals in a research report on Wednesday, September 9th. They issued an “outperform” rating and a $104.00 target price on the stock. Finally, Guggenheim dropped their target price on shares of ANI Pharmaceuticals from $124.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, ANI Pharmaceuticals currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.
Read Our Latest Analysis on ANIP
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ANIP. Penn Capital Management Company LLC raised its holdings in shares of ANI Pharmaceuticals by 2,058.9% in the fourth quarter. Penn Capital Management Company LLC now owns 137,394 shares of the specialty pharmaceutical company’s stock valued at $10,858,000 after buying an additional 131,030 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of ANI Pharmaceuticals during the second quarter worth about $6,597,000. CenterBook Partners LP acquired a new position in ANI Pharmaceuticals in the 4th quarter valued at about $1,518,000. NFJ Investment Group LLC acquired a new position in ANI Pharmaceuticals in the 2nd quarter valued at about $2,766,000. Finally, Walleye Capital LLC acquired a new position in ANI Pharmaceuticals in the 2nd quarter valued at about $8,784,000. Hedge funds and other institutional investors own 76.05% of the company’s stock.
ANI Pharmaceuticals Company Profile
ANI Pharmaceuticals, Inc is a specialty pharmaceutical company that develops, manufactures and markets branded and generic prescription medicines. The company focuses on products with complex formulations, manufacturing requirements or specialized commercial opportunities, and serves a range of therapeutic areas.
ANI’s portfolio includes Cortrophin-Zinc, a repository corticotropin injection used for certain autoimmune and inflammatory conditions, along with a selection of branded and generic medicines.
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