Neptune Wellness Solutions Inc (NASDAQ:NEPT) Stake Lifted by Jane Street Group LLC
Posted by William Tyler on Oct 16th, 2019
Jane Street Group LLC increased its stake in shares of Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB) by 45.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,598 shares of the biotechnology company’s stock after buying an additional 7,106 shares during the quarter. Jane Street Group LLC’s holdings in Neptune Wellness Solutions were worth $98,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of NEPT. Signition LP bought a new position in Neptune Wellness Solutions during the 2nd quarter worth $87,000. Morgan Stanley grew its stake in Neptune Wellness Solutions by 9.1% during the 2nd quarter. Morgan Stanley now owns 208,980 shares of the biotechnology company’s stock worth $909,000 after buying an additional 17,361 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Neptune Wellness Solutions by 265.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,929 shares of the biotechnology company’s stock worth $43,000 after buying an additional 7,214 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Neptune Wellness Solutions by 19.4% during the 2nd quarter. Wells Fargo & Company MN now owns 15,362 shares of the biotechnology company’s stock worth $67,000 after buying an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 11.85% of the company’s stock.
Shares of NEPT stock opened at $3.47 on Wednesday. Neptune Wellness Solutions Inc has a 1 year low of $2.42 and a 1 year high of $6.57. The stock has a fifty day moving average of $3.89 and a two-hundred day moving average of $4.28. The firm has a market capitalization of $320.81 million, a PE ratio of -24.79 and a beta of 1.84.
Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last announced its quarterly earnings results on Wednesday, August 14th. The biotechnology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). Neptune Wellness Solutions had a negative return on equity of 23.18% and a negative net margin of 107.62%. The business had revenue of $3.26 million for the quarter, compared to analyst estimates of $4.51 million. As a group, analysts predict that Neptune Wellness Solutions Inc will post 0.01 EPS for the current year.
A number of brokerages recently commented on NEPT. ValuEngine upgraded Neptune Wellness Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Echelon Wealth Partners restated a “buy” rating on shares of Neptune Wellness Solutions in a research note on Wednesday, July 24th. BidaskClub downgraded Neptune Wellness Solutions from a “sell” rating to a “strong sell” rating in a research note on Friday, September 20th. Finally, Zacks Investment Research downgraded Neptune Wellness Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th.
About Neptune Wellness Solutions
Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.