Swiss National Bank held its position in shares of Exactech Inc. (NASDAQ:EXAC) during the second quarter, Holdings Channel reports. The institutional investor owned 18,591 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.13% of Exactech worth $497,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of Exactech by 51.3% in the second quarter. Acadian Asset Management LLC now owns 507,639 shares of the company’s stock worth $13,574,000 after buying an additional 172,172 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Exactech during the first quarter worth $450,000. Jacobs Levy Equity Management Inc. acquired a new stake in Exactech during the first quarter worth $325,000. ClariVest Asset Management LLC acquired a new stake in Exactech during the second quarter worth $305,000. Finally, Highland Capital Management LLC acquired a new stake in Exactech during the second quarter worth $304,000. 65.08% of the stock is owned by institutional investors.
Exactech Inc. (NASDAQ:EXAC) traded down 0.04% during midday trading on Friday, hitting $26.56. 13,508 shares of the company were exchanged. Exactech Inc. has a one year low of $16.11 and a one year high of $28.66. The firm’s 50-day moving average price is $27.27 and its 200-day moving average price is $25.53. The stock has a market capitalization of $375.80 million, a PE ratio of 23.93 and a beta of 0.86.
Exactech (NASDAQ:EXAC) last released its earnings results on Monday, August 1st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Exactech had a net margin of 6.32% and a return on equity of 6.84%. The firm had revenue of $66.10 million for the quarter, compared to analyst estimates of $64.18 million. During the same period last year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Exactech Inc. will post $1.18 earnings per share for the current year.
Separately, Zacks Investment Research raised shares of Exactech from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, August 3rd.
In other Exactech news, SVP Bruce E. Thompson sold 1,433 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $27.97, for a total value of $40,081.01. Following the transaction, the senior vice president now directly owns 25,375 shares of the company’s stock, valued at approximately $709,738.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Fern Watts sold 1,100 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $27.68, for a total transaction of $30,448.00. Following the completion of the transaction, the director now directly owns 4,936 shares in the company, valued at $136,628.48. The disclosure for this sale can be found here. 29.80% of the stock is currently owned by company insiders.
Exactech, Inc develops, manufactures, markets, distributes and sells orthopedic implant devices, related surgical instrumentation and biologic services to hospitals and physicians. The Company’s segments include knee implants, hip implants, biologics and spine, extremity implants and other products. Its other products segment includes surgical instruments, bone cement and other implant product lines.
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