InfuSystem Holdings, Inc. (NYSE:INFU - Get Free Report) CFO Barry Steele bought 2,064 shares of InfuSystem stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $9.16 per share, for a total transaction of $18,906.24. Following the acquisition, the chief financial officer owned 88,000 shares of the company's stock, valued at approximately $806,080. The trade was a 2.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
InfuSystem Stock Performance
Shares of INFU stock opened at $9.29 on Tuesday. The stock has a market cap of $188.92 million, a PE ratio of 154.86 and a beta of 1.67. The stock has a 50-day moving average of $8.41 and a 200-day moving average of $9.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.98 and a quick ratio of 1.59. InfuSystem Holdings, Inc. has a one year low of $4.61 and a one year high of $11.04.
Wall Street Analyst Weigh In
Separately, Roth Mkm reissued a "buy" rating and set a $15.00 price target (up from $14.00) on shares of InfuSystem in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, InfuSystem currently has an average rating of "Buy" and a consensus target price of $15.00.
Check Out Our Latest Report on INFU
Institutional Trading of InfuSystem
A number of large investors have recently bought and sold shares of INFU. CWM LLC lifted its stake in InfuSystem by 1,160.1% in the second quarter. CWM LLC now owns 4,826 shares of the company's stock valued at $30,000 after buying an additional 4,443 shares in the last quarter. Quarry LP bought a new stake in shares of InfuSystem during the fourth quarter worth $31,000. Raymond James Financial Inc. bought a new stake in shares of InfuSystem during the second quarter worth $33,000. Virtu Financial LLC acquired a new stake in shares of InfuSystem during the fourth quarter worth $90,000. Finally, LPL Financial LLC bought a new stake in InfuSystem in the 4th quarter valued at $92,000. 71.13% of the stock is owned by institutional investors.
InfuSystem Company Profile
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Get Free Report)
InfuSystem Holdings Inc is a medical technology company that specializes in the rental, management and servicing of infusion pumps and associated devices used primarily for outpatient infusion therapy. The company provides a comprehensive suite of services that includes equipment delivery, setup and retrieval, preventive and corrective maintenance, reprocessing and quality assurance. InfuSystem's offerings are designed to help hospitals, ambulatory surgery centers, oncology clinics and private infusion suites streamline clinical operations and maintain compliance with safety standards.
In addition to pump rental and repair services, InfuSystem has expanded into remote patient monitoring solutions.
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