Globeflex Capital L P acquired a new stake in Taro Pharmaceutical Industries Ltd. (NYSE:TARO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 72,459 shares of the company’s stock, valued at approximately $7,123,000. Taro Pharmaceutical Industries makes up approximately 1.4% of Globeflex Capital L P’s investment portfolio, making the stock its 3rd largest position. Globeflex Capital L P owned approximately 0.18% of Taro Pharmaceutical Industries as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in TARO. Moody National Bank Trust Division bought a new stake in Taro Pharmaceutical Industries during the 3rd quarter valued at $204,000. Engineers Gate Manager LP bought a new stake in Taro Pharmaceutical Industries during the 3rd quarter valued at $217,000. Hikari Power Ltd bought a new stake in Taro Pharmaceutical Industries during the 2nd quarter valued at $296,000. Ramsey Quantitative Systems bought a new stake in Taro Pharmaceutical Industries during the 2nd quarter valued at $360,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Taro Pharmaceutical Industries by 31.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,230 shares of the company’s stock valued at $374,000 after buying an additional 766 shares during the last quarter. 10.46% of the stock is owned by institutional investors.
Shares of NYSE TARO opened at $106.01 on Thursday. Taro Pharmaceutical Industries Ltd. has a 12 month low of $93.01 and a 12 month high of $121.23. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 17.15 and a beta of 0.29.
The business also recently disclosed a dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 11th will be issued a $12.81 dividend. The ex-dividend date is Monday, December 10th.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Taro Pharmaceutical Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 16th. HC Wainwright reiterated a “buy” rating and set a $120.00 price target on shares of Taro Pharmaceutical Industries in a report on Friday, August 10th. Finally, ValuEngine lowered shares of Taro Pharmaceutical Industries from a “hold” rating to a “sell” rating in a report on Monday, September 24th.
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Taro Pharmaceutical Industries Company Profile
Taro Pharmaceutical Industries Ltd., a science-based pharmaceutical company, engages in the development, manufacture, and marketing of pharmaceutical products in the United States, Canada, Israel, and internationally. It offers prescription and over-the-counter pharmaceutical products focusing on primary areas, including topical creams and ointments, liquids, capsules, and tablets in the dermatological and topical, cardiovascular, neuropsychiatric, and anti-inflammatory therapeutic categories.
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