Bourgeon Capital Management LLC raised its position in Trevena Inc (NASDAQ:TRVN) by 59.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 137,800 shares of the biopharmaceutical company’s stock after purchasing an additional 51,300 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Trevena were worth $220,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TRVN. Nationwide Fund Advisors boosted its position in Trevena by 92.1% in the second quarter. Nationwide Fund Advisors now owns 49,132 shares of the biopharmaceutical company’s stock valued at $113,000 after buying an additional 23,557 shares in the last quarter. Alliancebernstein L.P. boosted its position in Trevena by 51.9% in the second quarter. Alliancebernstein L.P. now owns 55,300 shares of the biopharmaceutical company’s stock valued at $127,000 after buying an additional 18,900 shares in the last quarter. American Century Companies Inc. acquired a new position in Trevena in the fourth quarter valued at about $135,000. Virtu KCG Holdings LLC boosted its position in Trevena by 144.0% in the second quarter. Virtu KCG Holdings LLC now owns 58,660 shares of the biopharmaceutical company’s stock valued at $135,000 after buying an additional 34,618 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Trevena by 30.1% in the second quarter. Rhumbline Advisers now owns 64,251 shares of the biopharmaceutical company’s stock valued at $148,000 after buying an additional 14,880 shares in the last quarter. Hedge funds and other institutional investors own 56.74% of the company’s stock.
Shares of Trevena Inc (NASDAQ TRVN) opened at $1.52 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.92 and a current ratio of 4.92. The firm has a market cap of $90.74, a P/E ratio of -0.92 and a beta of -0.51. Trevena Inc has a 12 month low of $1.35 and a 12 month high of $8.00.
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Trevena Company Profile
Trevena Inc is a biopharmaceutical company, which is engaged in developing various therapies. The Company is developing OLINVO, a u-receptor G protein pathway selective modulator (u-GPS) for the management of moderate-to-severe acute pain where intravenous (IV) administration is preferred. It is focused on commercializing it in the United States for use in acute care settings, such as hospitals and ambulatory surgery centers.
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