Sharps Compliance Corp (NASDAQ:SMED) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC cut its position in shares of Sharps Compliance Corp (NASDAQ:SMED) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 71,229 shares of the industrial products company’s stock after selling 150 shares during the period. Ingalls & Snyder LLC owned 0.45% of Sharps Compliance Corp worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mesirow Financial Investment Management Equity Management boosted its position in shares of Sharps Compliance Corp by 32.5% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 57,013 shares of the industrial products company’s stock worth $272,000 after buying an additional 13,972 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of Sharps Compliance Corp by 4.1% in the first quarter. Cadence Capital Management LLC now owns 168,590 shares of the industrial products company’s stock worth $802,000 after buying an additional 6,710 shares in the last quarter. Lapides Asset Management LLC boosted its position in shares of Sharps Compliance Corp by 18.5% in the first quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock worth $803,000 after buying an additional 26,400 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Sharps Compliance Corp by 98.5% in the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock worth $818,000 after buying an additional 95,922 shares in the last quarter. Finally, Goodman Financial Corp boosted its position in shares of Sharps Compliance Corp by 5.0% in the first quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock worth $4,417,000 after buying an additional 44,506 shares in the last quarter. 25.91% of the stock is currently owned by institutional investors.

Shares of Sharps Compliance Corp (NASDAQ SMED) traded down 1.87% during trading on Friday, hitting $5.26. 17,252 shares of the stock were exchanged. The stock’s market cap is $84.19 million. The firm’s 50 day moving average price is $4.66 and its 200-day moving average price is $4.49. Sharps Compliance Corp has a 52 week low of $3.32 and a 52 week high of $5.73.

Sharps Compliance Corp (NASDAQ:SMED) last issued its earnings results on Thursday, August 10th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $10.36 million for the quarter, compared to the consensus estimate of $10.51 million. Sharps Compliance Corp had a negative return on equity of 2.37% and a negative net margin of 3.39%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. On average, analysts predict that Sharps Compliance Corp will post $0.09 EPS for the current year.

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A number of brokerages have recently weighed in on SMED. Stifel Nicolaus reissued a “buy” rating and set a $7.00 price target on shares of Sharps Compliance Corp in a research report on Friday, August 11th. Zacks Investment Research raised shares of Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. First Analysis raised shares of Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 price target on the stock in a research report on Monday, August 14th. Finally, ValuEngine raised shares of Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th.

Sharps Compliance Corp Company Profile

Sharps Compliance Corp. is a provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions.

Institutional Ownership by Quarter for Sharps Compliance Corp (NASDAQ:SMED)

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