Roosevelt Investment Group Inc. Increases Stake in GW Pharmaceuticals PLC- (GWPH)

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Roosevelt Investment Group Inc. grew its stake in shares of GW Pharmaceuticals PLC- (NASDAQ:GWPH) by 191.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,998 shares of the biopharmaceutical company’s stock after purchasing an additional 42,716 shares during the period. Roosevelt Investment Group Inc.’s holdings in GW Pharmaceuticals PLC- were worth $10,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its position in GW Pharmaceuticals PLC- by 327.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,175,000 shares of the biopharmaceutical company’s stock valued at $114,424,000 after acquiring an additional 900,000 shares during the period. ETF Managers Group LLC purchased a new position in GW Pharmaceuticals PLC- in the fourth quarter worth about $18,150,000. Victory Capital Management Inc. raised its holdings in GW Pharmaceuticals PLC- by 80.4% in the first quarter. Victory Capital Management Inc. now owns 408,940 shares of the biopharmaceutical company’s stock worth $68,935,000 after buying an additional 182,210 shares during the last quarter. Millennium Management LLC purchased a new position in GW Pharmaceuticals PLC- in the fourth quarter worth about $15,685,000. Finally, Jennison Associates LLC grew its stake in shares of GW Pharmaceuticals PLC- by 39.2% in the fourth quarter. Jennison Associates LLC now owns 515,281 shares of the biopharmaceutical company’s stock worth $50,183,000 after acquiring an additional 145,227 shares during the period. 83.37% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Geoffrey W. Dr Guy sold 1,200,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $14.69, for a total value of $17,628,000.00. Following the transaction, the insider now owns 8,465,528 shares of the company’s stock, valued at $124,358,606.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Volker Knappertz sold 12,144 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $14.64, for a total transaction of $177,788.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,021,432 shares of company stock valued at $44,883,255. Company insiders own 5.50% of the company’s stock.

Shares of GWPH traded down $1.68 during mid-day trading on Friday, reaching $183.01. The stock had a trading volume of 6,490 shares, compared to its average volume of 478,760. The firm has a market cap of $5.62 billion, a P/E ratio of -17.31 and a beta of 2.75. GW Pharmaceuticals PLC- has a 12 month low of $90.14 and a 12 month high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.81 and a quick ratio of 7.19.

GW Pharmaceuticals PLC- (NASDAQ:GWPH) last posted its quarterly earnings results on Monday, May 6th. The biopharmaceutical company reported ($1.68) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.48) by $0.80. The business had revenue of $39.20 million during the quarter, compared to analyst estimates of $12.32 million. GW Pharmaceuticals PLC- had a negative net margin of 458.79% and a negative return on equity of 45.75%. The company’s revenue was up 1189.5% on a year-over-year basis. During the same period in the prior year, the business posted ($3.12) earnings per share. Equities analysts anticipate that GW Pharmaceuticals PLC- will post -4.76 earnings per share for the current year.

GWPH has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on shares of GW Pharmaceuticals PLC- from $142.00 to $162.00 in a research note on Monday, April 29th. BidaskClub lowered shares of GW Pharmaceuticals PLC- from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Guggenheim started coverage on shares of GW Pharmaceuticals PLC- in a research report on Friday, February 22nd. They set a “buy” rating and a $178.00 target price for the company. Cantor Fitzgerald restated a “buy” rating and set a $193.00 target price on shares of GW Pharmaceuticals PLC- in a research report on Wednesday, February 27th. Finally, CIBC upgraded shares of GW Pharmaceuticals PLC- from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $205.40.

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GW Pharmaceuticals PLC- Company Profile

GW Pharmaceuticals plc, a biopharmaceutical company, focuses on discovering, developing, and commercializing cannabinoid prescription medicines using botanical extracts derived from the Cannabis plant. Its lead product is Epidiolex, an oral medicine for the treatment of refractory childhood epilepsies, as well as for the treatment of Dravet syndrome, Lennox-Gastaut syndrome, tuberous sclerosis complex, and infantile spasms.

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Institutional Ownership by Quarter for GW Pharmaceuticals PLC- (NASDAQ:GWPH)

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