Zacks: Dipexium Pharmaceuticals, Inc. (NASDAQ:PLXP) Given Consensus Rating of “Hold” by Brokerages

Dipexium Pharmaceuticals, Inc. (NASDAQ:PLXP) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given Dipexium Pharmaceuticals an industry rank of 124 out of 265 based on the ratings given to its competitors.

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In related news, insider Michael J. Valentino acquired 29,091 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were purchased at an average cost of $6.88 per share, with a total value of $200,146.08. Following the completion of the acquisition, the insider now directly owns 122,386 shares of the company’s stock, valued at $842,015.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David Emerson Jorden acquired 32,727 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were bought at an average cost of $6.88 per share, for a total transaction of $225,161.76. Following the completion of the acquisition, the chief financial officer now directly owns 151,913 shares of the company’s stock, valued at $1,045,161.44. The disclosure for this purchase can be found here. Insiders purchased 69,091 shares of company stock valued at $475,346 in the last three months. 47.70% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Dipexium Pharmaceuticals stock. Heritage Way Advisors LLC acquired a new position in shares of Dipexium Pharmaceuticals, Inc. (NASDAQ:PLXP) during the second quarter, according to its most recent filing with the SEC. The fund acquired 32,101 shares of the biotechnology company’s stock, valued at approximately $197,000. Heritage Way Advisors LLC owned about 0.37% of Dipexium Pharmaceuticals at the end of the most recent reporting period. Institutional investors and hedge funds own 39.03% of the company’s stock.

Shares of Dipexium Pharmaceuticals (NASDAQ:PLXP) traded up 1.68% on Monday, hitting $6.05. The stock had a trading volume of 1,879 shares. The company has a 50-day moving average of $6.28 and a 200-day moving average of $8.80. Dipexium Pharmaceuticals has a 52-week low of $5.60 and a 52-week high of $142.01. The company’s market cap is $26.52 million.

Dipexium Pharmaceuticals Company Profile

PLx Pharma Inc, formerly Dipexium Pharmaceuticals, Inc, is a biopharmaceutical company. The Company is a late stage specialty pharmaceutical company focusing on commercializing its lead products: Aspertec 325 mg and Aspertec 81 mg (Aspertec). The Company’s products and technology includes PLxGuard delivery system, Aspertec 325 mg, PL1100/PL1200 Ibuprofen.

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