Swiss National Bank bought a new stake in shares of Danimer Scientific, Inc. (NYSE:DNMR) in the second quarter, Holdings Channel.com reports. The fund bought 155,800 shares of the company’s stock, valued at approximately $3,903,000.
Other large investors have also added to or reduced their stakes in the company. CKW Financial Group purchased a new stake in Danimer Scientific in the first quarter worth about $28,000. Pittenger & Anderson Inc. purchased a new stake in Danimer Scientific in the first quarter worth about $28,000. Jacobi Capital Management LLC purchased a new stake in Danimer Scientific in the first quarter worth about $38,000. The PNC Financial Services Group Inc. bought a new position in Danimer Scientific in the first quarter worth about $42,000. Finally, HighMark Wealth Management LLC bought a new position in Danimer Scientific in the second quarter worth about $28,000. 46.71% of the stock is owned by institutional investors.
Shares of NYSE:DNMR opened at $15.83 on Tuesday. Danimer Scientific, Inc. has a twelve month low of $9.75 and a twelve month high of $66.30. The company’s 50 day moving average is $17.79 and its 200 day moving average is $24.57. The company has a current ratio of 15.59, a quick ratio of 14.98 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.55 billion, a PE ratio of -36.81 and a beta of -1.15.
In other Danimer Scientific news, CMO Scott Tuten sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $14.73, for a total value of $147,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Separately, Zacks Investment Research downgraded shares of Danimer Scientific from a “hold” rating to a “sell” rating in a report on Thursday, September 9th.
Danimer Scientific Company Profile
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petrochemical-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including water bottles, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
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