127,874 Shares in Simulations Plus, Inc. $SLP Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new position in Simulations Plus, Inc. (NASDAQ:SLP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 127,874 shares of the technology company’s stock, valued at approximately $2,341,000. Polar Asset Management Partners Inc. owned approximately 0.63% of Simulations Plus as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Simulations Plus in the 2nd quarter worth $27,503,000. First Light Asset Management LLC lifted its stake in Simulations Plus by 156.4% during the fourth quarter. First Light Asset Management LLC now owns 1,968,917 shares of the technology company’s stock valued at $35,893,000 after buying an additional 1,201,157 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Simulations Plus by 1,898.1% in the 4th quarter. First Eagle Investment Management LLC now owns 457,155 shares of the technology company’s stock worth $8,334,000 after purchasing an additional 434,275 shares during the period. Meros Investment Management LP acquired a new stake in shares of Simulations Plus in the fourth quarter worth $6,184,000. Finally, Marshall Wace LLP boosted its position in Simulations Plus by 127.5% during the 4th quarter. Marshall Wace LLP now owns 569,783 shares of the technology company’s stock worth $10,387,000 after acquiring an additional 319,301 shares during the period. Institutional investors and hedge funds own 78.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Simulations Plus from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. William Blair cut shares of Simulations Plus from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 17th. Wall Street Zen downgraded shares of Simulations Plus from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Craig Hallum lowered Simulations Plus from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Simulations Plus has a consensus rating of “Reduce” and a consensus target price of $17.25.

Simulations Plus Stock Performance

SLP opened at $18.39 on Wednesday. The company has a market cap of $372.03 million, a PE ratio of 45.98 and a beta of 1.32. The stock has a 50-day moving average of $18.30 and a 200-day moving average of $15.34. Simulations Plus, Inc. has a 52-week low of $11.09 and a 52-week high of $21.01.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings data on Thursday, July 9th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Simulations Plus had a return on equity of 13.50% and a net margin of 9.88%.The business had revenue of $21.89 million for the quarter, compared to the consensus estimate of $20.90 million.

Insider Activity at Simulations Plus

In other news, Director Walter S. Woltosz sold 4,177 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $18.44, for a total value of $77,023.88. Following the completion of the sale, the director directly owned 3,202,131 shares in the company, valued at approximately $59,047,295.64. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.10% of the stock is currently owned by corporate insiders.

Simulations Plus Profile

Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.