David S. Richmond Purchases 5,869 Shares of Rockwell Medical Inc (RMTI) Stock

Rockwell Medical Inc (NASDAQ:RMTI) insider David S. Richmond acquired 5,869 shares of the stock in a transaction on Wednesday, March 27th. The shares were bought at an average cost of $5.59 per share, for a total transaction of $32,807.71. Following the purchase, the insider now directly owns 177,930 shares of the company’s stock, valued at approximately $994,628.70. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Rockwell Medical stock remained flat at $$4.75 during trading hours on Friday. The stock had a trading volume of 171,391 shares, compared to its average volume of 285,652. Rockwell Medical Inc has a twelve month low of $2.19 and a twelve month high of $6.88. The firm has a market cap of $271.22 million, a price-to-earnings ratio of -10.11 and a beta of 2.12.

Rockwell Medical (NASDAQ:RMTI) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.02). Rockwell Medical had a negative net margin of 52.23% and a negative return on equity of 121.54%. The business had revenue of $16.85 million during the quarter, compared to analyst estimates of $16.10 million. On average, research analysts forecast that Rockwell Medical Inc will post -0.61 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in RMTI. BlackRock Inc. lifted its stake in Rockwell Medical by 0.4% during the 4th quarter. BlackRock Inc. now owns 3,233,156 shares of the company’s stock worth $7,306,000 after acquiring an additional 11,911 shares in the last quarter. Geode Capital Management LLC lifted its stake in Rockwell Medical by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 539,787 shares of the company’s stock worth $1,219,000 after acquiring an additional 57,340 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Rockwell Medical by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 244,130 shares of the company’s stock worth $552,000 after acquiring an additional 10,863 shares in the last quarter. BKS Advisors LLC lifted its stake in Rockwell Medical by 2.8% during the 1st quarter. BKS Advisors LLC now owns 225,308 shares of the company’s stock worth $1,282,000 after acquiring an additional 6,125 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Rockwell Medical by 337.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 133,583 shares of the company’s stock worth $302,000 after acquiring an additional 103,028 shares in the last quarter. 18.98% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. ValuEngine lowered Rockwell Medical from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Ifs Securities raised Rockwell Medical from an “outperform” rating to a “strong-buy” rating in a research note on Monday, March 18th.

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Rockwell Medical Company Profile

Rockwell Medical, Inc operates as an integrated biopharmaceutical company targeting end-stage renal and chronic kidney diseases in the United States and internationally. The company's lead drug includes Triferic, an iron maintenance therapy that replaces the iron lost by patients during hemodialysis treatment.

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