Biogen Inc (NASDAQ:BIIB) Director Brian S. Posner sold 1,055 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $292.35, for a total value of $308,429.25. Following the completion of the transaction, the director now directly owns 6,995 shares of the company’s stock, valued at approximately $2,044,988.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
NASDAQ BIIB opened at $289.52 on Friday. The stock has a market cap of $54.10 billion, a PE ratio of 11.05, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a current ratio of 1.91, a quick ratio of 1.74 and a debt-to-equity ratio of 0.35. Biogen Inc has a twelve month low of $215.77 and a twelve month high of $344.00. The stock has a fifty day simple moving average of $284.23 and a 200-day simple moving average of $244.41.
Biogen (NASDAQ:BIIB) last issued its quarterly earnings data on Tuesday, October 22nd. The biotechnology company reported $9.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.27 by $0.90. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.53 billion. Biogen had a net margin of 37.91% and a return on equity of 46.14%. Biogen’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $7.40 EPS. Research analysts predict that Biogen Inc will post 33.14 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Trustcore Financial Services LLC increased its holdings in Biogen by 152.3% in the 2nd quarter. Trustcore Financial Services LLC now owns 111 shares of the biotechnology company’s stock valued at $26,000 after purchasing an additional 67 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in shares of Biogen in the third quarter valued at approximately $30,000. Ruggie Capital Group acquired a new position in shares of Biogen in the second quarter valued at approximately $33,000. Resources Management Corp CT ADV purchased a new stake in Biogen during the 3rd quarter worth approximately $34,000. Finally, Next Capital Management LLC increased its stake in Biogen by 101.3% during the 2nd quarter. Next Capital Management LLC now owns 151 shares of the biotechnology company’s stock worth $35,000 after buying an additional 76 shares during the period. 87.47% of the stock is owned by institutional investors.
Biogen Inc discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases worldwide. The company offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for the treatment of multiple sclerosis (MS); SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of plaque psoriasis.
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