Panagora Asset Management Inc. lowered its position in shares of NewLink Genetics Corp (NASDAQ:NLNK) by 71.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,260 shares of the biotechnology company’s stock after selling 477,815 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.52% of NewLink Genetics worth $286,000 at the end of the most recent quarter.
Separately, Requisite Capital Management LLC acquired a new stake in shares of NewLink Genetics during the 2nd quarter worth about $185,000. Institutional investors own 29.32% of the company’s stock.
Shares of NewLink Genetics stock traded up $0.01 during mid-day trading on Friday, reaching $1.94. 507 shares of the stock were exchanged, compared to its average volume of 210,522. The company has a market cap of $72.75 million, a price-to-earnings ratio of -1.34 and a beta of 1.21. The company has a current ratio of 12.77, a quick ratio of 12.77 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $1.67. NewLink Genetics Corp has a fifty-two week low of $1.28 and a fifty-two week high of $2.68.
A number of equities research analysts recently issued reports on NLNK shares. Zacks Investment Research upgraded shares of NewLink Genetics from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Saturday, August 3rd. ValuEngine upgraded shares of NewLink Genetics from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.
About NewLink Genetics
NewLink Genetics Corporation, a late clinical-stage immuno-oncology company, focuses on discovering and developing novel immunotherapeutic products for the treatment of patients with cancer. It is developing Indoximod, an indoleamine-2, 3-dioxygenase (IDO) pathway inhibitor that is in clinical development in combination with other cancer therapeutics for patients with diffuse intrinsic pontine glioma, pediatric brain tumors, acute myeloid leukemia, and melanoma.
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