Meridian Bioscience, Inc. (VIVO) CEO Purchases $229,800.00 in Stock

Meridian Bioscience, Inc. (NASDAQ:VIVO) CEO John P. Kenny purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $11.49 per share, with a total value of $229,800.00. Following the completion of the purchase, the chief executive officer now directly owns 83,000 shares in the company, valued at $953,670. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ VIVO traded down $0.17 during trading on Friday, hitting $11.51. The company’s stock had a trading volume of 12,156 shares, compared to its average volume of 391,458. The company has a quick ratio of 4.72, a current ratio of 6.75 and a debt-to-equity ratio of 0.24. The company has a market cap of $484.80 million, a P/E ratio of 15.55 and a beta of 0.31. Meridian Bioscience, Inc. has a 52 week low of $11.18 and a 52 week high of $19.84.

Meridian Bioscience (NASDAQ:VIVO) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The company had revenue of $50.25 million for the quarter, compared to the consensus estimate of $50.03 million. Meridian Bioscience had a return on equity of 18.72% and a net margin of 13.29%. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Sell-side analysts expect that Meridian Bioscience, Inc. will post 0.59 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. grew its holdings in shares of Meridian Bioscience by 196.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,552 shares of the company’s stock worth $27,000 after purchasing an additional 1,029 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Meridian Bioscience by 441.6% during the 1st quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company’s stock worth $31,000 after purchasing an additional 1,528 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Meridian Bioscience during the 4th quarter worth approximately $40,000. Quantamental Technologies LLC acquired a new stake in shares of Meridian Bioscience during the 1st quarter worth approximately $56,000. Finally, LS Investment Advisors LLC grew its holdings in shares of Meridian Bioscience by 158.3% during the 4th quarter. LS Investment Advisors LLC now owns 3,719 shares of the company’s stock worth $65,000 after purchasing an additional 2,279 shares in the last quarter. 92.93% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on the company. ValuEngine downgraded Meridian Bioscience from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th. Zacks Investment Research raised Meridian Bioscience from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. BidaskClub downgraded Meridian Bioscience from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Canaccord Genuity downgraded Meridian Bioscience from a “hold” rating to a “sell” rating and dropped their price target for the stock from $17.00 to $11.00 in a research report on Wednesday, April 3rd. Finally, Robert W. Baird dropped their price target on Meridian Bioscience from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Meridian Bioscience has an average rating of “Hold” and an average price target of $13.25.

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Meridian Bioscience Company Profile

Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for various gastrointestinal and respiratory infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments.

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