Stonepine Capital, L.P. Buys 5,287 Shares of Apollo Endosurgery, Inc. (APEN) Stock

Apollo Endosurgery, Inc. (NASDAQ:APEN) major shareholder Stonepine Capital, L.P. acquired 5,287 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were bought at an average cost of $5.00 per share, with a total value of $26,435.00. Following the acquisition, the insider now directly owns 2,555,151 shares in the company, valued at $12,775,755. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Stonepine Capital, L.P. also recently made the following trade(s):

  • On Wednesday, December 20th, Stonepine Capital, L.P. acquired 45,434 shares of Apollo Endosurgery stock. The shares were bought at an average cost of $4.50 per share, with a total value of $204,453.00.
  • On Friday, December 22nd, Stonepine Capital, L.P. acquired 185,157 shares of Apollo Endosurgery stock. The shares were bought at an average cost of $4.85 per share, with a total value of $898,011.45.

Apollo Endosurgery, Inc. (NASDAQ:APEN) traded up $0.13 on Thursday, hitting $5.60. 77,879 shares of the company’s stock traded hands, compared to its average volume of 100,586. Apollo Endosurgery, Inc. has a twelve month low of $3.55 and a twelve month high of $21.88. The company has a market cap of $91.12, a P/E ratio of -0.26 and a beta of 0.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.54 and a quick ratio of 2.00.

Several large investors have recently made changes to their positions in the stock. Stonepine Capital Management LLC bought a new position in shares of Apollo Endosurgery in the 3rd quarter valued at about $11,067,000. King Luther Capital Management Corp bought a new position in shares of Apollo Endosurgery in the 3rd quarter valued at about $2,567,000. Russell Investments Group Ltd. bought a new position in shares of Apollo Endosurgery in the 3rd quarter valued at about $1,288,000. Woodmont Investment Counsel LLC bought a new position in shares of Apollo Endosurgery in the 3rd quarter valued at about $220,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Apollo Endosurgery in the 3rd quarter valued at about $119,000. 23.67% of the stock is owned by hedge funds and other institutional investors.

APEN has been the subject of several research reports. Northland Securities reissued a “buy” rating and set a $12.00 price objective on shares of Apollo Endosurgery in a report on Monday, December 4th. Zacks Investment Research raised shares of Apollo Endosurgery from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.44.

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Apollo Endosurgery Company Profile

Apollo Endosurgery, Inc, formerly Lpath, Inc, is a medical device company. The Company is focused on less invasive therapies for the treatment of obesity, as well as other gastrointestinal disorders. The Company’s device-based therapies are an alternative to invasive surgical procedures. The Company offers products in over 80 countries.

Insider Buying and Selling by Quarter for Apollo Endosurgery (NASDAQ:APEN)

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