Silverarc Capital Management LLC grew its position in Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX – Get Rating) by 22.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,539 shares of the company's stock after purchasing an additional 25,535 shares during the quarter. Crinetics Pharmaceuticals makes up approximately 0.8% of Silverarc Capital Management LLC's portfolio, making the stock its 28th largest holding. Silverarc Capital Management LLC owned 0.26% of Crinetics Pharmaceuticals worth $2,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Group One Trading L.P. increased its position in Crinetics Pharmaceuticals by 31.6% during the first quarter. Group One Trading L.P. now owns 7,318 shares of the company's stock worth $161,000 after acquiring an additional 1,759 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Crinetics Pharmaceuticals by 17.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,493 shares of the company's stock worth $164,000 after acquiring an additional 1,110 shares during the period. PDT Partners LLC bought a new position in Crinetics Pharmaceuticals during the first quarter worth $220,000. DekaBank Deutsche Girozentrale increased its position in Crinetics Pharmaceuticals by 9.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 11,300 shares of the company's stock worth $215,000 after acquiring an additional 1,000 shares during the period. Finally, GSA Capital Partners LLP increased its position in Crinetics Pharmaceuticals by 20.8% during the first quarter. GSA Capital Partners LLP now owns 14,897 shares of the company's stock worth $327,000 after acquiring an additional 2,562 shares during the period. Institutional investors own 94.42% of the company's stock.

Crinetics Pharmaceuticals Trading Down 3.0 %

Crinetics Pharmaceuticals stock traded down $0.58 on Wednesday, hitting $18.47. The company's stock had a trading volume of 4,668 shares, compared to its average volume of 248,631. The company has a fifty day moving average price of $20.33 and a 200-day moving average price of $20.11. Crinetics Pharmaceuticals, Inc. has a one year low of $15.91 and a one year high of $28.95.

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Crinetics Pharmaceuticals Profile

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Crinetics Pharmaceuticals, Inc, a clinical stage pharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics for rare endocrine diseases and endocrine-related tumors. Its lead product candidate is Paltusotine, an oral selective nonpeptide somatostatin receptor type 2 agonist that has completed phase III clinical trial for the treatment of acromegaly, as well as completed phase II clinical trial to treat carcinoid syndrome and nonfunctional neuroendocrine tumors (NETs).

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