Geller Family Office Services LLC acquired a new position in shares of AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the specialty pharmaceutical company’s stock, valued at approximately $460,000. AcelRx Pharmaceuticals makes up 0.2% of Geller Family Office Services LLC’s holdings, making the stock its 18th biggest holding. Geller Family Office Services LLC owned about 0.20% of AcelRx Pharmaceuticals at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in ACRX. Bank of New York Mellon Corp increased its stake in AcelRx Pharmaceuticals by 6.6% during the first quarter. Bank of New York Mellon Corp now owns 112,682 shares of the specialty pharmaceutical company’s stock worth $355,000 after acquiring an additional 6,942 shares during the last quarter. WealthTrust Axiom LLC increased its stake in AcelRx Pharmaceuticals by 50.0% during the second quarter. WealthTrust Axiom LLC now owns 210,000 shares of the specialty pharmaceutical company’s stock worth $451,000 after acquiring an additional 70,000 shares during the last quarter. LMR Partners LLP acquired a new stake in AcelRx Pharmaceuticals during the second quarter worth $319,000. Virtu KCG Holdings LLC increased its stake in AcelRx Pharmaceuticals by 600.9% during the second quarter. Virtu KCG Holdings LLC now owns 118,675 shares of the specialty pharmaceutical company’s stock worth $255,000 after acquiring an additional 101,742 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in AcelRx Pharmaceuticals during the second quarter worth $530,000. Hedge funds and other institutional investors own 13.94% of the company’s stock.
In other news, insider Lawrence G. Hamel sold 10,161 shares of AcelRx Pharmaceuticals stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $5.29, for a total value of $53,751.69. Following the completion of the sale, the insider now directly owns 16,379 shares of the company’s stock, valued at $86,644.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark G. Edwards acquired 30,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of $1.90 per share, with a total value of $57,000.00. Following the completion of the purchase, the director now directly owns 150,000 shares of the company’s stock, valued at approximately $285,000. The disclosure for this purchase can be found here. Insiders bought 42,000 shares of company stock valued at $89,380 over the last ninety days. Insiders own 28.10% of the company’s stock.
Shares of AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) opened at $2.25 on Monday. AcelRx Pharmaceuticals, Inc. has a one year low of $1.55 and a one year high of $5.75. The company has a debt-to-equity ratio of -0.43, a quick ratio of 4.71 and a current ratio of 4.78.
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AcelRx Pharmaceuticals Company Profile
AcelRx Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain.
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