North Star Investment Management Corp. held its stake in Simulations Plus, Inc. (NASDAQ:SLP) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 123,550 shares of the technology company’s stock at the end of the second quarter. North Star Investment Management Corp. owned approximately 0.72% of Simulations Plus worth $1,526,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. KCG Holdings Inc. bought a new stake in Simulations Plus during the first quarter valued at $152,000. Telos Capital Management Inc. bought a new stake in Simulations Plus during the first quarter valued at $246,000. Spark Investment Management LLC increased its stake in Simulations Plus by 70.9% in the first quarter. Spark Investment Management LLC now owns 30,600 shares of the technology company’s stock valued at $359,000 after buying an additional 12,700 shares during the last quarter. Menta Capital LLC increased its stake in Simulations Plus by 33.9% in the first quarter. Menta Capital LLC now owns 40,102 shares of the technology company’s stock valued at $471,000 after buying an additional 10,157 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Simulations Plus during the first quarter valued at $600,000. 28.46% of the stock is owned by institutional investors.
Shares of Simulations Plus, Inc. (SLP) traded up 1.82% during midday trading on Friday, hitting $13.95. 54,632 shares of the company were exchanged. The stock has a market cap of $240.57 million, a PE ratio of 44.29 and a beta of -0.71. The stock’s 50-day moving average is $13.91 and its 200-day moving average is $11.78. Simulations Plus, Inc. has a one year low of $7.90 and a one year high of $16.15.
Simulations Plus (NASDAQ:SLP) last announced its earnings results on Friday, July 14th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $6.75 million during the quarter, compared to analysts’ expectations of $6.48 million. Simulations Plus had a net margin of 24.86% and a return on equity of 23.21%. Equities research analysts anticipate that Simulations Plus, Inc. will post $0.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 28th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, July 26th. Simulations Plus’s dividend payout ratio (DPR) is presently 62.50%.
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Several equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Simulations Plus from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Simulations Plus from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, July 25th.
In other news, Director Argenio David Z. D sold 7,304 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $11.46, for a total value of $83,703.84. Following the transaction, the director now owns 63,608 shares of the company’s stock, valued at approximately $728,947.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Argenio David Z. D sold 21,326 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $11.59, for a total transaction of $247,168.34. Following the completion of the transaction, the director now directly owns 43,775 shares in the company, valued at approximately $507,352.25. The disclosure for this sale can be found here. Insiders sold a total of 116,891 shares of company stock worth $1,420,606 in the last ninety days. Insiders own 36.93% of the company’s stock.
About Simulations Plus
Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.
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