CM Wealth Advisors LLC Takes Position in InfuSystem Holdings, Inc. $INFU

CM Wealth Advisors LLC acquired a new stake in InfuSystem Holdings, Inc. (NYSE:INFU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 64,807 shares of the company’s stock, valued at approximately $625,000. CM Wealth Advisors LLC owned about 0.32% of InfuSystem as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of INFU. Quarry LP acquired a new position in shares of InfuSystem during the 4th quarter worth about $31,000. Raymond James Financial Inc. acquired a new stake in shares of InfuSystem in the 2nd quarter valued at approximately $33,000. Virtu Financial LLC bought a new position in InfuSystem during the 4th quarter worth approximately $90,000. LPL Financial LLC acquired a new position in InfuSystem during the fourth quarter valued at approximately $92,000. Finally, Jane Street Group LLC acquired a new position in InfuSystem during the first quarter valued at approximately $96,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley Financial reiterated a “buy” rating and issued a $20.00 target price (up from $12.00) on shares of InfuSystem in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.67.

InfuSystem Price Performance

NYSE INFU opened at $12.19 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.59 and a current ratio of 1.98. The stock has a market cap of $246.02 million, a price-to-earnings ratio of 203.20 and a beta of 1.42. The business has a 50 day simple moving average of $10.05 and a 200 day simple moving average of $9.48. InfuSystem Holdings, Inc. has a 52-week low of $7.29 and a 52-week high of $12.97.

InfuSystem declared that its board has initiated a share buyback program on Tuesday, May 19th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to repurchase up to 10.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

About InfuSystem

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.