Insider Selling: Retrophin Inc (RTRX) SVP Sells 1,050 Shares of Stock

Retrophin Inc (NASDAQ:RTRX) SVP Elizabeth E. Reed sold 1,050 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $17.73, for a total value of $18,616.50. Following the transaction, the senior vice president now directly owns 20,033 shares of the company’s stock, valued at approximately $355,185.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ RTRX traded up $0.01 during mid-day trading on Thursday, hitting $18.57. 591,400 shares of the company traded hands, compared to its average volume of 372,079. Retrophin Inc has a 1 year low of $17.53 and a 1 year high of $33.00. The company has a market cap of $740.47 million, a price-to-earnings ratio of -7.31 and a beta of 0.91. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 0.69.

Retrophin (NASDAQ:RTRX) last announced its earnings results on Tuesday, May 7th. The biopharmaceutical company reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.58) by ($0.41). Retrophin had a negative net margin of 75.75% and a negative return on equity of 41.38%. The company had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $41.40 million. During the same period in the prior year, the company earned ($0.14) earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Retrophin Inc will post -3.02 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Retrophin by 1,824.0% during the first quarter. Advisor Group Inc. now owns 1,443 shares of the biopharmaceutical company’s stock valued at $33,000 after purchasing an additional 1,368 shares during the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of Retrophin by 9.6% during the first quarter. Virginia Retirement Systems ET AL now owns 20,500 shares of the biopharmaceutical company’s stock valued at $464,000 after purchasing an additional 1,800 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Retrophin by 17.2% during the fourth quarter. Legal & General Group Plc now owns 15,866 shares of the biopharmaceutical company’s stock valued at $360,000 after purchasing an additional 2,325 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Retrophin during the first quarter valued at $78,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Retrophin by 22.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 19,400 shares of the biopharmaceutical company’s stock valued at $575,000 after purchasing an additional 3,600 shares during the last quarter.

Several research analysts recently weighed in on RTRX shares. ValuEngine cut Retrophin from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. TheStreet cut Retrophin from a “c-” rating to a “d+” rating in a research note on Friday, February 22nd. Barclays started coverage on Retrophin in a research note on Monday, April 22nd. They set an “overweight” rating and a $36.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Retrophin in a research note on Wednesday, April 17th. Finally, BidaskClub cut Retrophin from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.67.

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About Retrophin

Retrophin, Inc, a biopharmaceutical company, focuses on the identification, development, acquisition, and commercialization of therapies for the treatment of rare diseases. Its marketed products include Chenodal, a synthetic oral form of chenodeoxycholic acid for the treatment of radiolucent stones in well-opacifying gallbladders; Cholbam, a cholic acid capsule to treat pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects, as well as for adjunctive treatment of patients with peroxisomal disorders; and Thiola, a tiopronin tablet for the treatment of cystinuria.

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Insider Buying and Selling by Quarter for Retrophin (NASDAQ:RTRX)

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