Summer Infant, Inc. (SUMR) Director Andrew Michael Train Purchases 10,000 Shares

Summer Infant, Inc. (NASDAQ:SUMR) Director Andrew Michael Train purchased 10,000 shares of the stock in a transaction on Tuesday, June 12th. The stock was acquired at an average price of $1.34 per share, with a total value of $13,400.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at $33,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Summer Infant traded up $0.01, hitting $1.28, on Thursday, MarketBeat reports. 25,482 shares of the stock were exchanged, compared to its average volume of 64,397. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.81 and a quick ratio of 0.95. The stock has a market capitalization of $23.73 million, a P/E ratio of 18.29 and a beta of -0.26. Summer Infant, Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $2.25.

Summer Infant (NASDAQ:SUMR) last posted its quarterly earnings data on Thursday, May 3rd. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $42.06 million during the quarter, compared to analysts’ expectations of $40.24 million. Summer Infant had a positive return on equity of 4.01% and a negative net margin of 2.78%. equities analysts expect that Summer Infant, Inc. will post 0.1 EPS for the current year.



Several equities research analysts have issued reports on the company. Roth Capital restated a “buy” rating on shares of Summer Infant in a report on Thursday, February 22nd. Zacks Investment Research upgraded Summer Infant from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 25th. Finally, ValuEngine downgraded Summer Infant from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Summer Infant currently has an average rating of “Buy” and a consensus price target of $2.50.

Several hedge funds have recently bought and sold shares of the company. Kennedy Capital Management Inc. boosted its position in shares of Summer Infant by 76.1% during the fourth quarter. Kennedy Capital Management Inc. now owns 514,142 shares of the company’s stock worth $771,000 after buying an additional 222,217 shares during the period. Renaissance Technologies LLC boosted its position in shares of Summer Infant by 15.2% during the fourth quarter. Renaissance Technologies LLC now owns 340,800 shares of the company’s stock worth $511,000 after buying an additional 45,000 shares during the period. Quantum Capital Management boosted its position in shares of Summer Infant by 18.6% during the first quarter. Quantum Capital Management now owns 337,936 shares of the company’s stock worth $389,000 after buying an additional 52,942 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Summer Infant during the fourth quarter worth about $333,000. 49.75% of the stock is owned by institutional investors.

Summer Infant Company Profile

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer Infant, SwaddleMe, and Born Free brand names.

Insider Buying and Selling by Quarter for Summer Infant (NASDAQ:SUMR)

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