Bridgeway Capital Management LLC Has $16.16 Million Position in Premier, Inc. (NASDAQ:PINC)

Bridgeway Capital Management LLC increased its position in shares of Premier, Inc. (NASDAQ:PINC) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 762,337 shares of the company’s stock after buying an additional 21,861 shares during the quarter. Bridgeway Capital Management LLC owned 0.79% of Premier worth $16,162,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Premier by 32.2% in the 3rd quarter. Barclays PLC now owns 154,128 shares of the company’s stock valued at $3,081,000 after purchasing an additional 37,551 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Premier during the third quarter worth approximately $39,000. Nordea Investment Management AB lifted its position in shares of Premier by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 256,492 shares of the company’s stock valued at $5,465,000 after buying an additional 44,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Premier by 34.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,627 shares of the company’s stock worth $673,000 after acquiring an additional 8,560 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Premier by 109.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 468,524 shares of the company’s stock worth $9,933,000 after acquiring an additional 245,239 shares during the last quarter. Institutional investors own 74.41% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel David L. Klatsky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $19.53, for a total transaction of $195,300.00. Following the transaction, the general counsel now owns 90,597 shares in the company, valued at approximately $1,769,359.41. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by corporate insiders.

Premier Price Performance

NASDAQ:PINC opened at $20.51 on Tuesday. Premier, Inc. has a one year low of $17.23 and a one year high of $23.56. The company has a market cap of $1.87 billion, a PE ratio of -205.08 and a beta of 0.54. The firm’s 50 day simple moving average is $19.09 and its 200 day simple moving average is $20.46.

Premier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, May 30th. Premier’s dividend payout ratio (DPR) is presently -840.00%.

Analysts Set New Price Targets

PINC has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Piper Sandler decreased their price objective on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Canaccord Genuity Group dropped their target price on Premier from $21.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.17.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.