Parametric Portfolio Associates LLC Grows Position in Dermira Inc (NASDAQ:DERM)

Parametric Portfolio Associates LLC lifted its stake in shares of Dermira Inc (NASDAQ:DERM) by 56.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,918 shares of the biopharmaceutical company’s stock after purchasing an additional 11,487 shares during the period. Parametric Portfolio Associates LLC owned about 0.08% of Dermira worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DERM. BNP Paribas Arbitrage SA increased its stake in Dermira by 2,220.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,154 shares of the biopharmaceutical company’s stock worth $121,000 after buying an additional 3,975 shares during the period. SG Americas Securities LLC lifted its stake in shares of Dermira by 66.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,503 shares of the biopharmaceutical company’s stock worth $160,000 after acquiring an additional 2,203 shares during the period. KCG Holdings Inc. acquired a new stake in shares of Dermira in the 1st quarter worth $215,000. Legal & General Group Plc lifted its stake in shares of Dermira by 16.3% in the 1st quarter. Legal & General Group Plc now owns 6,861 shares of the biopharmaceutical company’s stock worth $236,000 after acquiring an additional 963 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Dermira by 12.8% in the 2nd quarter. ProShare Advisors LLC now owns 24,682 shares of the biopharmaceutical company’s stock worth $719,000 after acquiring an additional 2,808 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Dermira Inc (DERM) traded down $1.34 during mid-day trading on Monday, reaching $24.21. 603,657 shares of the company traded hands, compared to its average volume of 426,267. Dermira Inc has a 1-year low of $21.35 and a 1-year high of $38.75. The company has a debt-to-equity ratio of 1.40, a current ratio of 4.68 and a quick ratio of 4.68.

Several equities research analysts recently issued reports on DERM shares. Leerink Swann reissued an “outperform” rating and issued a $41.00 target price (down from $47.00) on shares of Dermira in a research report on Tuesday, November 7th. BidaskClub raised shares of Dermira from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Mizuho reaffirmed a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Dermira in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Dermira from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $43.00 target price (down from $46.00) on shares of Dermira in a research report on Tuesday, November 7th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.33.

In other Dermira news, CEO Thomas G. Wiggans sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $27.52, for a total transaction of $137,600.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eugene A. Bauer sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $30.04, for a total value of $225,300.00. The disclosure for this sale can be found here. Insiders sold a total of 28,200 shares of company stock valued at $794,131 over the last three months. 13.30% of the stock is owned by corporate insiders.

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Dermira Profile

Dermira, Inc is a biopharmaceutical company. The Company is focused on the development of therapeutic solutions in medical dermatology to treat skin conditions, such as hyperhidrosis, psoriasis and acne. Its portfolio includes three late-stage product candidates: Cimzia (certolizumab pegol), glycopyrronium tosylate and olumacostat glasaretil.

Institutional Ownership by Quarter for Dermira (NASDAQ:DERM)

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