Lehman & Derafelo Financial Resources LLC purchased a new stake in Danimer Scientific, Inc. (NYSE:DNMR – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,000 shares of the company's stock, valued at approximately $91,000.
Several other hedge funds have also modified their holdings of the business. SouthState Corp raised its holdings in Danimer Scientific by 280.0% during the first quarter. SouthState Corp now owns 5,130 shares of the company's stock worth $30,000 after purchasing an additional 3,780 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Danimer Scientific during the first quarter worth $53,000. Aspiriant LLC acquired a new position in Danimer Scientific during the first quarter worth $59,000. Ergoteles LLC acquired a new position in Danimer Scientific during the first quarter worth $66,000. Finally, Capital City Trust Co. FL acquired a new position in shares of Danimer Scientific in the first quarter worth $70,000. 44.98% of the stock is owned by institutional investors and hedge funds.
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Insider Activity
In other news, CMO Scott Tuten sold 10,000 shares of Danimer Scientific stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $5.06, for a total value of $50,600.00. Following the completion of the sale, the chief marketing officer now owns 464,136 shares of the company's stock, valued at $2,348,528.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Danimer Scientific news, Director Stuart W. Pratt sold 75,327 shares of the business's stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $5.25, for a total transaction of $395,466.75. Following the completion of the sale, the director now owns 1,519,238 shares of the company's stock, valued at $7,975,999.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Scott Tuten sold 10,000 shares of the business's stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $5.06, for a total value of $50,600.00. Following the sale, the chief marketing officer now directly owns 464,136 shares of the company's stock, valued at approximately $2,348,528.16. The disclosure for this sale can be found here. Insiders sold a total of 105,327 shares of company stock valued at $532,667 over the last quarter. Company insiders own 14.60% of the company's stock.
Danimer Scientific Trading Up 2.0 %
Shares of NYSE:DNMR traded up $0.06 during midday trading on Tuesday, reaching $2.99. The company's stock had a trading volume of 83,917 shares, compared to its average volume of 1,065,288. The firm has a market cap of $301.24 million, a price-to-earnings ratio of -5.03 and a beta of 1.08. The company has a quick ratio of 5.53, a current ratio of 6.60 and a debt-to-equity ratio of 0.56. Danimer Scientific, Inc. has a 1 year low of $2.92 and a 1 year high of $20.40. The business has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.64.
Danimer Scientific (NYSE:DNMR – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.04). The business had revenue of $12.70 million during the quarter. Danimer Scientific had a negative net margin of 104.97% and a negative return on equity of 19.28%. Research analysts forecast that Danimer Scientific, Inc. will post -0.82 EPS for the current year.
Analysts Set New Price Targets
Separately, Cowen cut their price target on Danimer Scientific to $6.00 in a report on Monday, August 15th.
Danimer Scientific Company Profile
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Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petroleum-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including films, 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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