Amarin Co. plc (NASDAQ:AMRN) Director Lars Ekman sold 140,416 shares of Amarin stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $17.28, for a total value of $2,426,388.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Amarin stock opened at $18.00 on Friday. The company has a market capitalization of $4.85 billion, a P/E ratio of -72.00 and a beta of 1.11. Amarin Co. plc has a one year low of $2.35 and a one year high of $23.33.
Amarin (NASDAQ:AMRN) last posted its quarterly earnings data on Thursday, November 1st. The biopharmaceutical company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.01. The company had revenue of $55.00 million during the quarter, compared to analyst estimates of $60.63 million. Amarin’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. Analysts predict that Amarin Co. plc will post -0.38 EPS for the current year.
Several institutional investors have recently bought and sold shares of AMRN. GSA Capital Partners LLP lifted its stake in shares of Amarin by 66.3% in the second quarter. GSA Capital Partners LLP now owns 162,800 shares of the biopharmaceutical company’s stock worth $503,000 after acquiring an additional 64,900 shares during the period. BlackRock Inc. lifted its stake in shares of Amarin by 1.4% in the second quarter. BlackRock Inc. now owns 3,392,430 shares of the biopharmaceutical company’s stock worth $10,482,000 after acquiring an additional 46,957 shares during the period. FMR LLC lifted its stake in shares of Amarin by 57.7% in the second quarter. FMR LLC now owns 5,335,221 shares of the biopharmaceutical company’s stock worth $16,486,000 after acquiring an additional 1,952,118 shares during the period. Northern Trust Corp lifted its stake in shares of Amarin by 20.9% in the second quarter. Northern Trust Corp now owns 113,327 shares of the biopharmaceutical company’s stock worth $350,000 after acquiring an additional 19,590 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Amarin in the third quarter worth approximately $3,254,000. 42.94% of the stock is currently owned by institutional investors.
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Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company's lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia.
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