Danimer Scientific Shares Scheduled to Split on Friday, May 10th (NYSE:DNMR)

Shares of Danimer Scientific, Inc. (NYSE:DNMR) are going to split before the market opens on Friday, May 10th. The 4-3 split was announced on Friday, May 10th. The newly minted shares will be payable to shareholders after the closing bell on Friday, May 10th.

Danimer Scientific Trading Up 4.3 %

Shares of DNMR stock opened at $0.84 on Wednesday. The stock has a market capitalization of $95.76 million, a P/E ratio of -0.55 and a beta of 1.62. The company has a current ratio of 6.87, a quick ratio of 5.26 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $1.09 and its 200 day moving average is $1.08. Danimer Scientific has a 12-month low of $0.60 and a 12-month high of $3.56.

Danimer Scientific (NYSE:DNMR) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.39) EPS for the quarter, meeting the consensus estimate of ($0.39). The firm had revenue of $10.95 million during the quarter, compared to analyst estimates of $10.90 million. Danimer Scientific had a negative net margin of 333.03% and a negative return on equity of 49.01%. Research analysts expect that Danimer Scientific will post -0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of Danimer Scientific from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $1.25 price objective (down previously from $3.50) on shares of Danimer Scientific in a research note on Tuesday, April 9th.

Institutional Trading of Danimer Scientific

Hedge funds and other institutional investors have recently modified their holdings of the company. Thomasville National Bank lifted its holdings in shares of Danimer Scientific by 125.8% in the first quarter. Thomasville National Bank now owns 177,845 shares of the company’s stock worth $194,000 after buying an additional 99,078 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Danimer Scientific by 628.5% during the fourth quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock valued at $186,000 after purchasing an additional 157,085 shares during the period. Greenlight Capital Inc. grew its stake in Danimer Scientific by 5.1% in the 4th quarter. Greenlight Capital Inc. now owns 2,734,580 shares of the company’s stock worth $2,789,000 after acquiring an additional 131,890 shares in the last quarter. Levin Capital Strategies L.P. grew its stake in Danimer Scientific by 423.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 78,500 shares of the company’s stock worth $80,000 after purchasing an additional 63,500 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Danimer Scientific during the fourth quarter valued at $41,000. 33.84% of the stock is owned by hedge funds and other institutional investors.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.