North Star Investment Management Corp. Grows Position in InfuSystem Holdings, Inc. $INFU

North Star Investment Management Corp. increased its holdings in shares of InfuSystem Holdings, Inc. (NYSE:INFU) by 527.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,000 shares of the company’s stock after purchasing an additional 153,000 shares during the quarter. North Star Investment Management Corp. owned 0.90% of InfuSystem worth $1,680,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of InfuSystem by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 218,123 shares of the company’s stock valued at $1,958,000 after acquiring an additional 1,831 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of InfuSystem by 13.8% in the 4th quarter. HighTower Advisors LLC now owns 21,061 shares of the company’s stock worth $189,000 after acquiring an additional 2,561 shares during the last quarter. Integrated Quantitative Investments LLC boosted its position in shares of InfuSystem by 6.9% during the 4th quarter. Integrated Quantitative Investments LLC now owns 41,484 shares of the company’s stock worth $372,000 after purchasing an additional 2,684 shares during the period. Hsbc Holdings PLC boosted its position in shares of InfuSystem by 10.7% during the 4th quarter. Hsbc Holdings PLC now owns 28,478 shares of the company’s stock worth $255,000 after purchasing an additional 2,763 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of InfuSystem by 25.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 13,724 shares of the company’s stock worth $123,000 after purchasing an additional 2,811 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

InfuSystem Stock Down 1.7%

InfuSystem stock opened at $9.88 on Tuesday. The company has a market capitalization of $199.40 million, a PE ratio of 164.69 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.59 and a current ratio of 1.98. InfuSystem Holdings, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.04. The firm has a 50 day moving average price of $9.41 and a 200 day moving average price of $9.08.

InfuSystem announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 19th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the company to buy up to 10.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at InfuSystem

In other news, Director Paul Andrew Gendron acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $8.88 per share, for a total transaction of $44,400.00. Following the acquisition, the director owned 70,000 shares of the company’s stock, valued at $621,600. This represents a 7.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry G. Steele bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $8.71 per share, for a total transaction of $60,970.00. Following the purchase, the chief financial officer owned 96,590 shares in the company, valued at $841,298.90. This represents a 7.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 15,000 shares of company stock worth $131,490 in the last quarter. Company insiders own 10.80% of the company’s stock.

InfuSystem Profile

InfuSystem Holdings Inc is a medical technology company that specializes in the rental, management and servicing of infusion pumps and associated devices used primarily for outpatient infusion therapy. The company provides a comprehensive suite of services that includes equipment delivery, setup and retrieval, preventive and corrective maintenance, reprocessing and quality assurance. InfuSystem’s offerings are designed to help hospitals, ambulatory surgery centers, oncology clinics and private infusion suites streamline clinical operations and maintain compliance with safety standards.

In addition to pump rental and repair services, InfuSystem has expanded into remote patient monitoring solutions.