Cerecor Inc (NASDAQ:CERC) insider Simon Pedder acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of $5.06 per share, with a total value of $30,360.00. Following the purchase, the insider now directly owns 6,000 shares of the company’s stock, valued at approximately $30,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CERC traded up $0.11 during trading hours on Friday, hitting $5.37. The company had a trading volume of 50,968 shares, compared to its average volume of 115,385. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62. Cerecor Inc has a 52-week low of $2.71 and a 52-week high of $7.65.
Cerecor (NASDAQ:CERC) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. The firm had revenue of $5.41 million for the quarter, compared to the consensus estimate of $4.85 million. Cerecor had a negative return on equity of 120.67% and a negative net margin of 226.50%. On average, equities analysts forecast that Cerecor Inc will post -0.72 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of CERC. JPMorgan Chase & Co. bought a new stake in shares of Cerecor in the first quarter worth about $60,000. Northern Trust Corp grew its stake in shares of Cerecor by 47.9% in the fourth quarter. Northern Trust Corp now owns 20,079 shares of the company’s stock worth $65,000 after purchasing an additional 6,500 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Cerecor in the first quarter worth about $77,000. Citigroup Inc. bought a new stake in shares of Cerecor in the first quarter worth about $107,000. Finally, BlackRock Inc. grew its stake in shares of Cerecor by 18.5% in the fourth quarter. BlackRock Inc. now owns 33,960 shares of the company’s stock worth $109,000 after purchasing an additional 5,293 shares during the last quarter. 50.28% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This report was first reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://dakotafinancialnews.com/2019/05/17/insider-buying-cerecor-inc-cerc-insider-acquires-6000-shares-of-stock.html.
Cerecor Inc, a pharmaceutical company, focuses on pediatric health care. Its lead product portfolio includes prescribed dietary supplements, such as Poly-Vi-Flor and Tri-Vi-Flor; and prescription drugs, such as Millipre, Ulesfia, Karbinal ER, AcipHex Sprinkle, and Cefaclor for oral suspension, as well as Flexichamber a medical device.
Further Reading: Federal Reserve
Receive News & Ratings for Cerecor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerecor and related companies with MarketBeat.com's FREE daily email newsletter.