Kadmon Holdings Inc (KDMN) Major Shareholder Sells $127,164.78 in Stock

Kadmon Holdings Inc (NASDAQ:KDMN) major shareholder Goldentree Asset Management Lp sold 34,462 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $3.69, for a total transaction of $127,164.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Goldentree Asset Management Lp also recently made the following trade(s):

  • On Monday, July 31st, Goldentree Asset Management Lp sold 349,661 shares of Kadmon Holdings stock. The stock was sold at an average price of $2.60, for a total transaction of $909,118.60.
  • On Thursday, June 29th, Goldentree Asset Management Lp sold 64,375 shares of Kadmon Holdings stock. The stock was sold at an average price of $4.04, for a total transaction of $260,075.00.
  • On Tuesday, June 27th, Goldentree Asset Management Lp sold 108,827 shares of Kadmon Holdings stock. The stock was sold at an average price of $3.69, for a total transaction of $401,571.63.
  • On Monday, June 26th, Goldentree Asset Management Lp sold 515,643 shares of Kadmon Holdings stock. The stock was sold at an average price of $3.51, for a total transaction of $1,809,906.93.
  • On Thursday, June 22nd, Goldentree Asset Management Lp sold 767,363 shares of Kadmon Holdings stock. The stock was sold at an average price of $3.50, for a total transaction of $2,685,770.50.

Kadmon Holdings Inc (KDMN) traded down 2.26% during trading on Friday, reaching $2.16. 257,385 shares of the company traded hands. The company’s market capitalization is $111.99 million. The firm has a 50-day moving average price of $3.09 and a 200-day moving average price of $3.18. Kadmon Holdings Inc has a 52 week low of $2.05 and a 52 week high of $10.48.

Kadmon Holdings (NASDAQ:KDMN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.05. The company had revenue of $3 million during the quarter, compared to analysts’ expectations of $3.46 million. Kadmon Holdings’s revenue was down 53.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.40) EPS. Analysts forecast that Kadmon Holdings Inc will post ($1.58) earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on KDMN. ValuEngine cut shares of Kadmon Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies set a $7.00 price objective on shares of Kadmon Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. HC Wainwright reissued a “buy” rating and issued a $25.00 price objective on shares of Kadmon Holdings in a research note on Monday, June 26th. Finally, Zacks Investment Research raised shares of Kadmon Holdings from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.93.

A number of large investors have recently modified their holdings of the company. KCG Holdings Inc. bought a new stake in shares of Kadmon Holdings during the first quarter valued at approximately $124,000. Renaissance Technologies LLC bought a new stake in shares of Kadmon Holdings during the first quarter valued at approximately $158,000. Bank of New York Mellon Corp raised its stake in shares of Kadmon Holdings by 302.3% in the first quarter. Bank of New York Mellon Corp now owns 46,304 shares of the company’s stock valued at $167,000 after buying an additional 34,794 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Kadmon Holdings by 84.8% in the first quarter. Wells Fargo & Company MN now owns 51,291 shares of the company’s stock valued at $186,000 after buying an additional 23,541 shares during the last quarter. Finally, Nationwide Fund Advisors bought a new stake in shares of Kadmon Holdings during the first quarter valued at approximately $192,000.

Kadmon Holdings Company Profile

Kadmon Holdings, Inc is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of various unmet medical needs. The Company is developing product candidates in a number of indications within autoimmune and fibrotic disease, oncology and genetic diseases.

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