First Mercantile Trust Co. trimmed its position in shares of Repligen Co. (NASDAQ:RGEN) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,335 shares of the biotechnology company’s stock after selling 395 shares during the quarter. First Mercantile Trust Co.’s holdings in Repligen were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in shares of Repligen during the 4th quarter valued at $28,000. Oppenheimer Asset Management Inc. bought a new position in shares of Repligen during the 4th quarter valued at $110,000. Pacer Advisors Inc. bought a new position in shares of Repligen during the 3rd quarter valued at $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Repligen by 20.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,687 shares of the biotechnology company’s stock valued at $142,000 after buying an additional 462 shares during the period. Finally, Seven Eight Capital LP bought a new position in shares of Repligen during the 3rd quarter valued at $217,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:RGEN opened at $60.11 on Wednesday. The firm has a market capitalization of $2.60 billion, a PE ratio of 87.12, a P/E/G ratio of 3.85 and a beta of 1.04. Repligen Co. has a one year low of $31.38 and a one year high of $70.50.
In other news, CFO Jon Snodgres sold 31,753 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $63.49, for a total value of $2,015,997.97. Following the completion of the sale, the chief financial officer now directly owns 32,344 shares in the company, valued at approximately $2,053,520.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
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Repligen Corporation develops, manufactures, and sells products used to enhance the interconnected phases of the biological drug manufacturing process worldwide. It offers Protein A ligands to life sciences companies, which are the binding components of Protein A affinity resins; and growth factor products used to supplement cell culture media.
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