Antares Pharma Inc (NASDAQ:ATRS) Director Leonard S. Jacob sold 92,078 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $3.00, for a total value of $276,234.00. Following the completion of the sale, the director now directly owns 301,970 shares of the company’s stock, valued at $905,910. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NASDAQ:ATRS traded up $0.06 during trading on Friday, hitting $3.04. 1,294,284 shares of the company traded hands, compared to its average volume of 748,548. The firm has a market capitalization of $494.36 million, a PE ratio of -76.00 and a beta of 1.03. Antares Pharma Inc has a one year low of $2.16 and a one year high of $3.96. The company has a current ratio of 2.62, a quick ratio of 2.20 and a debt-to-equity ratio of 0.57.
Antares Pharma (NASDAQ:ATRS) last posted its earnings results on Thursday, May 2nd. The specialty pharmaceutical company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The company had revenue of $23.29 million during the quarter, compared to analyst estimates of $17.46 million. Antares Pharma had a negative return on equity of 19.98% and a negative net margin of 7.91%. As a group, analysts predict that Antares Pharma Inc will post -0.06 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of ATRS. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Antares Pharma during the 4th quarter valued at $31,000. Foundations Investment Advisors LLC acquired a new stake in shares of Antares Pharma during the 4th quarter valued at $42,000. Virtu Financial LLC acquired a new stake in shares of Antares Pharma during the 4th quarter valued at $45,000. Enterprise Bank & Trust Co acquired a new stake in shares of Antares Pharma during the 1st quarter valued at $45,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Antares Pharma during the 4th quarter valued at $51,000. 41.25% of the stock is owned by institutional investors and hedge funds.
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Antares Pharma Company Profile
Antares Pharma, Inc focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies worldwide. The company's injection products include OTREXUP that comprises of pre-filled methotrexate syringe and VIBEX self-injection system to enable rheumatoid arthritis (RA) and psoriasis patients to self-inject methotrexate at home; XYOSTED for the treatment of testosterone deficiency in adult males; Sumatriptan Injection USP for the acute treatment of migraine and cluster headache in adults.
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