Simulations Plus, Inc. (SLP) CEO Walter S. Woltosz Sells 18,500 Shares

Simulations Plus, Inc. (NASDAQ:SLP) CEO Walter S. Woltosz sold 18,500 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $15.07, for a total value of $278,795.00. Following the completion of the sale, the chief executive officer now owns 5,684,916 shares of the company’s stock, valued at approximately $85,671,684.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Simulations Plus, Inc. (NASDAQ SLP) opened at 14.20 on Friday. The firm’s 50-day moving average price is $14.17 and its 200 day moving average price is $11.94. Simulations Plus, Inc. has a 12-month low of $7.90 and a 12-month high of $16.15. The company has a market capitalization of $244.88 million, a price-to-earnings ratio of 45.08 and a beta of -0.71.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings data on Friday, July 14th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Simulations Plus had a net margin of 24.86% and a return on equity of 23.21%. The business had revenue of $6.75 million during the quarter, compared to analyst estimates of $6.48 million. On average, equities research analysts expect that Simulations Plus, Inc. will post $0.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 28th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.20 annualized dividend and a yield of 1.41%. Simulations Plus’s dividend payout ratio (DPR) is presently 62.50%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rice Hall James & Associates LLC raised its position in shares of Simulations Plus by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 83,819 shares of the technology company’s stock valued at $1,035,000 after buying an additional 869 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Simulations Plus by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock valued at $110,000 after buying an additional 1,085 shares during the last quarter. Crawford Investment Counsel Inc. raised its position in shares of Simulations Plus by 1.3% in the first quarter. Crawford Investment Counsel Inc. now owns 405,403 shares of the technology company’s stock valued at $4,763,000 after buying an additional 5,328 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Simulations Plus by 5.8% in the second quarter. Cadence Capital Management LLC now owns 110,668 shares of the technology company’s stock valued at $1,367,000 after buying an additional 6,044 shares during the last quarter. Finally, Menta Capital LLC raised its position in shares of Simulations Plus by 33.9% in the first quarter. Menta Capital LLC now owns 40,102 shares of the technology company’s stock valued at $471,000 after buying an additional 10,157 shares during the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.

Several brokerages recently issued reports on SLP. Zacks Investment Research upgraded Simulations Plus from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub lowered Simulations Plus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.

Simulations Plus Company Profile

Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.

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