Amalgamated Bank purchased a new position in shares of Corcept Therapeutics Incorporated (NASDAQ:CORT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 15,894 shares of the biotechnology company’s stock, valued at approximately $212,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. New York State Teachers Retirement System increased its position in Corcept Therapeutics by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 65,094 shares of the biotechnology company’s stock worth $870,000 after buying an additional 867 shares in the last quarter. State of Alaska Department of Revenue increased its position in Corcept Therapeutics by 2.8% during the fourth quarter. State of Alaska Department of Revenue now owns 35,137 shares of the biotechnology company’s stock worth $469,000 after buying an additional 943 shares in the last quarter. NumerixS Investment Technologies Inc increased its position in Corcept Therapeutics by 9.2% during the fourth quarter. NumerixS Investment Technologies Inc now owns 13,208 shares of the biotechnology company’s stock worth $172,000 after buying an additional 1,108 shares in the last quarter. Bank of Montreal Can increased its position in Corcept Therapeutics by 33.1% during the fourth quarter. Bank of Montreal Can now owns 4,831 shares of the biotechnology company’s stock worth $64,000 after buying an additional 1,202 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in Corcept Therapeutics by 8.7% during the fourth quarter. Flinton Capital Management LLC now owns 15,764 shares of the biotechnology company’s stock worth $211,000 after buying an additional 1,260 shares in the last quarter. 79.31% of the stock is owned by institutional investors.
In other Corcept Therapeutics news, Director G Leonard Baker, Jr. acquired 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were acquired at an average price of $11.39 per share, for a total transaction of $1,139,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.00% of the stock is owned by company insiders.
CORT stock opened at $11.78 on Wednesday. Corcept Therapeutics Incorporated has a 52-week low of $9.14 and a 52-week high of $20.00. The firm has a market cap of $1.37 billion, a PE ratio of 19.63 and a beta of 1.27.
Corcept Therapeutics (NASDAQ:CORT) last posted its quarterly earnings data on Monday, February 25th. The biotechnology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. Corcept Therapeutics had a return on equity of 30.30% and a net margin of 29.97%. The business had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $70.43 million. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. Research analysts expect that Corcept Therapeutics Incorporated will post 0.83 EPS for the current fiscal year.
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Corcept Therapeutics Profile
Corcept Therapeutics Incorporated, a pharmaceutical company, discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders in the United States. The company offers Korlym (mifepristone) tablets as a once-daily oral medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous Cushing's syndrome, who have type 2 diabetes mellitus or glucose intolerance, and have failed surgery or are not candidates for surgery, as well as develops CLIA-validated assay to measure FKBP5 gene expression.
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