Jacobi Capital Management LLC bought a new position in Danimer Scientific, Inc. (NYSE:DNMR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $38,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC purchased a new position in shares of Danimer Scientific in the first quarter valued at $26,000. Arkadios Wealth Advisors purchased a new position in shares of Danimer Scientific in the first quarter valued at $29,000. Trustcore Financial Services LLC grew its position in shares of Danimer Scientific by 6.0% in the first quarter. Trustcore Financial Services LLC now owns 15,668 shares of the company’s stock valued at $591,000 after purchasing an additional 893 shares in the last quarter. Spectrum Management Group LLC purchased a new position in shares of Danimer Scientific in the first quarter valued at $38,000. Finally, The PNC Financial Services Group Inc. purchased a new position in shares of Danimer Scientific in the first quarter valued at $42,000. Institutional investors own 37.81% of the company’s stock.
Danimer Scientific stock opened at $24.83 on Friday. Danimer Scientific, Inc. has a 52 week low of $9.61 and a 52 week high of $66.30. The business’s 50-day simple moving average is $25.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 13.60 and a current ratio of 14.30. The stock has a market capitalization of $2.12 billion and a PE ratio of -57.74.
Separately, Zacks Investment Research cut Danimer Scientific from a “hold” rating to a “sell” rating in a research report on Tuesday, March 9th.
Danimer Scientific Company Profile
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petrochemical-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including water bottles, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
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