Alpine Partners VI LLC bought a new position in shares of Senomyx Inc. (NASDAQ:SNMX) during the second quarter, according to its most recent filing with the SEC. The firm bought 59,972 shares of the company’s stock, valued at approximately $165,000.
A number of other hedge funds also recently modified their holdings of SNMX. Laurion Capital Management LP bought a new stake in shares of Senomyx during the second quarter worth $324,000. Ingalls & Snyder LLC acquired a new position in shares of Senomyx during the second quarter worth approximately $217,000. Oxford Asset Management raised its position in shares of Senomyx by 65.9% in the second quarter. Oxford Asset Management now owns 434,231 shares of the company’s stock worth $1,194,000 after buying an additional 172,502 shares during the period. Turner Investments L.P. raised its position in shares of Senomyx by 17.3% in the second quarter. Turner Investments L.P. now owns 475,000 shares of the company’s stock worth $1,306,000 after buying an additional 70,000 shares during the period. Finally, Rice Hall James & Associates LLC raised its position in shares of Senomyx by 1.3% in the second quarter. Rice Hall James & Associates LLC now owns 1,200,753 shares of the company’s stock worth $3,302,000 after buying an additional 15,814 shares during the period. Hedge funds and other institutional investors own 50.83% of the company’s stock.
Senomyx Inc. (NASDAQ:SNMX) opened at 3.82 on Friday. The company’s 50-day moving average is $4.28 and its 200-day moving average is $3.15. Senomyx Inc. has a 52 week low of $2.11 and a 52 week high of $5.65. The company’s market cap is $170.99 million.
Senomyx (NASDAQ:SNMX) last posted its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The business had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.20 million. Senomyx had a negative net margin of 37.41% and a negative return on equity of 51.25%. Senomyx’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, analysts anticipate that Senomyx Inc. will post ($0.26) EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Senomyx from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.
Senomyx Company Profile
Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.
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