Bank of New York Mellon Corp Sells 34,284 Shares of Novadaq Technologies Inc. (NVDQ)

Bank of New York Mellon Corp lowered its position in shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) (TSE:NDQ) by 46.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 39,591 shares of the medical research company’s stock after selling 34,284 shares during the period. Bank of New York Mellon Corp owned 0.07% of Novadaq Technologies worth $463,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Novadaq Technologies during the second quarter worth about $389,000. Kassirer Asset Management Corp bought a new position in Novadaq Technologies in the 2nd quarter valued at about $1,758,000. Longfellow Investment Management Co. LLC bought a new position in Novadaq Technologies in the 2nd quarter valued at about $3,941,000. Chicago Capital Management LLC bought a new position in Novadaq Technologies in the 2nd quarter valued at about $406,000. Finally, Virtu Financial LLC bought a new position in Novadaq Technologies in the 2nd quarter valued at about $157,000. Institutional investors and hedge funds own 75.38% of the company’s stock.

Shares of Novadaq Technologies Inc. (NVDQ) opened at 11.75 on Wednesday. The firm has a 50-day moving average of $11.68 and a 200-day moving average of $9.03. Novadaq Technologies Inc. has a one year low of $5.84 and a one year high of $12.74. The firm’s market capitalization is $679.41 million.

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A number of brokerages recently issued reports on NVDQ. Royal Bank Of Canada reiterated a “hold” rating and issued a $11.75 target price on shares of Novadaq Technologies in a research report on Friday, September 1st. JMP Securities reiterated a “market perform” rating on shares of Novadaq Technologies in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Novadaq Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Canaccord Genuity reiterated a “hold” rating and issued a $11.75 target price on shares of Novadaq Technologies in a research report on Friday, September 1st. Finally, Northland Securities reiterated a “hold” rating and issued a $11.75 target price on shares of Novadaq Technologies in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. Novadaq Technologies currently has an average rating of “Hold” and a consensus price target of $11.86.

Novadaq Technologies Company Profile

NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.

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Institutional Ownership by Quarter for Novadaq Technologies (NASDAQ:NVDQ)

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