University of Notre Dame DU Lac purchased a new position in shares of Amarin Co. plc (NASDAQ:AMRN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 803,888 shares of the biopharmaceutical company’s stock, valued at approximately $2,814,000. University of Notre Dame DU Lac owned about 0.30% of Amarin as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in AMRN. Intrinsic Edge Capital Management LLC acquired a new position in Amarin in the 2nd quarter valued at $725,000. OxFORD Asset Management LLP grew its stake in Amarin by 114.2% in the 2nd quarter. OxFORD Asset Management LLP now owns 135,773 shares of the biopharmaceutical company’s stock valued at $547,000 after buying an additional 72,390 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Amarin by 681.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 278,134 shares of the biopharmaceutical company’s stock valued at $1,121,000 after buying an additional 242,544 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Amarin by 94.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 87,104 shares of the biopharmaceutical company’s stock valued at $351,000 after buying an additional 42,246 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in Amarin by 135.4% in the 2nd quarter. GSA Capital Partners LLP now owns 342,800 shares of the biopharmaceutical company’s stock valued at $1,381,000 after buying an additional 197,200 shares during the last quarter. Institutional investors own 40.17% of the company’s stock.
In other Amarin news, insider John F. Thero acquired 10,000 shares of Amarin stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of $3.24 per share, with a total value of $32,400.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven B. Ketchum sold 63,479 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $3.48, for a total transaction of $220,906.92. The disclosure for this sale can be found here. 3.72% of the stock is currently owned by company insiders.
Shares of Amarin Co. plc (NASDAQ:AMRN) opened at $3.06 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of -1.48. Amarin Co. plc has a 12-month low of $2.81 and a 12-month high of $4.47.
Amarin (NASDAQ:AMRN) last posted its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $47.10 million during the quarter, compared to analyst estimates of $45.85 million. The business’s revenue for the quarter was up 45.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. equities analysts expect that Amarin Co. plc will post -0.22 EPS for the current year.
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Amarin Company Profile
Amarin Corporation plc is a biopharmaceutical company with operations in lipid science focused on the commercialization and development of therapeutics for cardiovascular health. The Company operates through the development and commercialization of Vascepa segment. The Company’s lead product, Vascepa (icosapent ethyl) capsule, is approved by the United States Food and Drug Administration (FDA) for use as an adjunct to diet to reduce triglyceride levels in adult patients with severe hypertriglyceridemia.
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