Granite Investment Partners LLC purchased a new position in shares of BioLife Solutions, Inc. (NASDAQ:BLFS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 211,030 shares of the medical equipment provider’s stock, valued at approximately $1,205,000. Granite Investment Partners LLC owned 1.60% of BioLife Solutions as of its most recent SEC filing.
Separately, Essex Investment Management Co. LLC purchased a new position in shares of BioLife Solutions during the 3rd quarter worth $484,000. Hedge funds and other institutional investors own 9.41% of the company’s stock.
Shares of BioLife Solutions, Inc. (NASDAQ BLFS) traded up $0.15 during trading on Thursday, hitting $5.37. The company’s stock had a trading volume of 76,322 shares, compared to its average volume of 106,108. BioLife Solutions, Inc. has a one year low of $1.51 and a one year high of $7.53.
BioLife Solutions (NASDAQ:BLFS) last issued its earnings results on Thursday, November 9th. The medical equipment provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $2.96 million for the quarter, compared to analyst estimates of $2.60 million. BioLife Solutions had a negative return on equity of 49.92% and a negative net margin of 52.10%. sell-side analysts expect that BioLife Solutions, Inc. will post -0.21 earnings per share for the current year.
Separately, Maxim Group set a $7.00 price target on BioLife Solutions and gave the stock a “buy” rating in a research note on Thursday, October 19th.
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BioLife Solutions Profile
BioLife Solutions, Inc (BioLife) is engaged in the developing, manufacturing and marketing a portfolio of biopreservation tools and services for cells, tissues and organs, including clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management application for shippers.
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