Bessemer Group Inc. grew its stake in Simulations Plus, Inc. (NASDAQ:SLP) by 285.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,700 shares of the technology company’s stock after purchasing an additional 22,000 shares during the period. Bessemer Group Inc. owned approximately 0.17% of Simulations Plus worth $460,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Simulations Plus by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock valued at $110,000 after purchasing an additional 1,085 shares during the period. Rhumbline Advisers acquired a new position in shares of Simulations Plus in the second quarter valued at approximately $126,000. OxFORD Asset Management LLP acquired a new position in shares of Simulations Plus in the second quarter valued at approximately $126,000. New York State Common Retirement Fund acquired a new position in shares of Simulations Plus in the second quarter valued at approximately $143,000. Finally, KCG Holdings Inc. acquired a new position in shares of Simulations Plus in the first quarter valued at approximately $152,000. 32.64% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Walter S. Woltosz sold 18,500 shares of the company’s stock in a transaction on Saturday, October 28th. The stock was sold at an average price of $16.37, for a total transaction of $302,845.00. Following the transaction, the insider now owns 5,629,416 shares of the company’s stock, valued at $92,153,539.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 36.93% of the company’s stock.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Simulations Plus from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. BidaskClub lowered Simulations Plus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.
Simulations Plus, Inc. (NASDAQ:SLP) opened at $15.80 on Friday. Simulations Plus, Inc. has a twelve month low of $8.81 and a twelve month high of $17.45. The firm has a market capitalization of $278.29, a price-to-earnings ratio of 49.85 and a beta of -0.73.
Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Simulations Plus had a return on equity of 24.36% and a net margin of 23.94%. The firm had revenue of $6.30 million for the quarter, compared to analyst estimates of $5.01 million. research analysts predict that Simulations Plus, Inc. will post 0.4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 13th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, November 10th. This is a positive change from Simulations Plus’s previous quarterly dividend of $0.05. Simulations Plus’s dividend payout ratio is currently 77.42%.
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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