Celsion Co. (CLSN) Chairman Michael H. Tardugno Acquires 5,000 Shares

Celsion Co. (NASDAQ:CLSN) Chairman Michael H. Tardugno acquired 5,000 shares of Celsion stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of $2.16 per share, with a total value of $10,800.00. Following the completion of the transaction, the chairman now owns 32,700 shares of the company’s stock, valued at $70,632. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Celsion stock traded down $0.01 during trading on Friday, reaching $2.14. The company’s stock had a trading volume of 85,556 shares, compared to its average volume of 145,028. The stock has a market cap of $41.86 million, a PE ratio of -3.15 and a beta of 2.20. Celsion Co. has a 52 week low of $1.35 and a 52 week high of $3.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 4.61 and a current ratio of 4.61.

Celsion (NASDAQ:CLSN) last announced its earnings results on Wednesday, May 15th. The biotechnology company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). The business had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.13 million. Celsion had a negative net margin of 1,954.60% and a negative return on equity of 68.04%. Equities research analysts predict that Celsion Co. will post -0.89 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Celsion from a “hold” rating to a “strong-buy” rating and set a $2.25 price objective for the company in a research report on Wednesday, April 3rd. Oppenheimer reaffirmed a “buy” rating on shares of Celsion in a research report on Tuesday, March 19th.

Several institutional investors have recently made changes to their positions in CLSN. Vanguard Group Inc boosted its position in shares of Celsion by 40.9% in the third quarter. Vanguard Group Inc now owns 740,132 shares of the biotechnology company’s stock valued at $2,050,000 after acquiring an additional 214,829 shares during the period. Vanguard Group Inc. boosted its position in shares of Celsion by 40.9% in the third quarter. Vanguard Group Inc. now owns 740,132 shares of the biotechnology company’s stock valued at $2,050,000 after acquiring an additional 214,829 shares during the period. BlackRock Inc. boosted its position in shares of Celsion by 21.9% in the fourth quarter. BlackRock Inc. now owns 142,426 shares of the biotechnology company’s stock valued at $202,000 after acquiring an additional 25,548 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Celsion by 22.2% in the first quarter. Northern Trust Corp now owns 34,725 shares of the biotechnology company’s stock valued at $68,000 after acquiring an additional 6,306 shares during the period. 5.49% of the stock is owned by institutional investors.

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Celsion Company Profile

Celsion Corporation, a development stage oncology drug company, focuses on the development and commercialization of directed chemotherapies, DNA-mediated immunotherapy, and RNA based therapies for the treatment of cancer. Its lead product candidate is ThermoDox, a liposomal encapsulation of doxorubicin that is in Phase III clinical trial for treating primary liver cancer.

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