Armistice Capital Master Fund Purchases 226,000 Shares of Valeritas Holdings Inc (VLRX) Stock

Valeritas Holdings Inc (NASDAQ:VLRX) major shareholder Armistice Capital Master Fund bought 226,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of $0.66 per share, for a total transaction of $149,160.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Friday, May 10th, Armistice Capital Master Fund bought 100,000 shares of Valeritas stock. The shares were bought at an average price of $0.31 per share, for a total transaction of $31,000.00.
  • On Monday, March 25th, Armistice Capital Master Fund bought 50,000 shares of Valeritas stock. The shares were bought at an average price of $0.33 per share, for a total transaction of $16,500.00.

VLRX opened at $2.38 on Friday. Valeritas Holdings Inc has a one year low of $2.10 and a one year high of $41.60. The company has a market capitalization of $20.01 million, a P/E ratio of -0.07 and a beta of 2.00. The company has a debt-to-equity ratio of 29.19, a quick ratio of 2.81 and a current ratio of 3.32.

Valeritas (NASDAQ:VLRX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.15) EPS for the quarter, meeting analysts’ consensus estimates of ($0.15). Valeritas had a negative return on equity of 1,757.04% and a negative net margin of 183.53%. The firm had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $6.20 million. As a group, analysts anticipate that Valeritas Holdings Inc will post -11.2 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in Valeritas by 138.0% in the fourth quarter. Geode Capital Management LLC now owns 186,971 shares of the company’s stock valued at $60,000 after acquiring an additional 108,416 shares during the last quarter. Millennium Management LLC acquired a new position in Valeritas in the fourth quarter valued at approximately $165,000. Weiss Multi Strategy Advisers LLC acquired a new position in Valeritas in the fourth quarter valued at approximately $41,000. CVI Holdings LLC acquired a new position in Valeritas in the fourth quarter valued at approximately $832,000. Finally, Northern Trust Corp lifted its holdings in Valeritas by 855.4% in the fourth quarter. Northern Trust Corp now owns 185,469 shares of the company’s stock valued at $60,000 after acquiring an additional 166,057 shares during the last quarter. Hedge funds and other institutional investors own 34.36% of the company’s stock.

Several brokerages have recently weighed in on VLRX. Zacks Investment Research upgraded Valeritas from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a report on Saturday, February 23rd. Oppenheimer set a $2.00 target price on Valeritas and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, ValuEngine cut Valeritas from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $2.10.

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Valeritas Company Profile

Valeritas Holdings, Inc, a commercial-stage medical technology company, focuses on the development and commercialization of technologies to treat patients with Type 2 diabetes in the United States. The company offers V-Go, a wearable insulin delivery device for basal-bolus therapy. It also develops V-Go Prefill that is in the design-development stage for eliminating the device-filling process and the need for EZ fill refrigeration for patients with Type 2 diabetes; and V-Go SIM for real-time tracking information of basal and bolus dosing utilization.

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Insider Buying and Selling by Quarter for Valeritas (NASDAQ:VLRX)

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