Ophthotech Corp (NASDAQ:OPHT) insider David R. Guyer sold 3,798 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $3.17, for a total value of $12,039.66. Following the sale, the insider now owns 42,458 shares in the company, valued at $134,591.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ophthotech Corp (OPHT) traded up $0.06 on Friday, reaching $2.85. The company’s stock had a trading volume of 229,639 shares, compared to its average volume of 476,232. The company has a market capitalization of $100.55, a P/E ratio of 1.82 and a beta of 1.58. Ophthotech Corp has a twelve month low of $2.24 and a twelve month high of $5.05.
Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Investors Inc. PA raised its holdings in Ophthotech by 102.3% in the second quarter. Federated Investors Inc. PA now owns 55,461 shares of the biopharmaceutical company’s stock worth $142,000 after purchasing an additional 28,040 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Ophthotech by 73.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 118,166 shares of the biopharmaceutical company’s stock worth $433,000 after purchasing an additional 49,928 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ophthotech by 3.2% during the first quarter. Geode Capital Management LLC now owns 240,571 shares of the biopharmaceutical company’s stock valued at $880,000 after acquiring an additional 7,501 shares in the last quarter. First Manhattan Co. bought a new position in shares of Ophthotech during the third quarter valued at $1,201,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Ophthotech by 28.1% during the second quarter. Goldman Sachs Group Inc. now owns 652,992 shares of the biopharmaceutical company’s stock valued at $1,672,000 after acquiring an additional 143,349 shares in the last quarter. Institutional investors and hedge funds own 62.48% of the company’s stock.
OPHT has been the subject of several research reports. Zacks Investment Research raised Ophthotech from a “hold” rating to a “strong-buy” rating and set a $3.25 target price for the company in a research note on Monday, November 13th. Stifel Nicolaus reissued a “hold” rating and set a $4.00 price objective on shares of Ophthotech in a research note on Thursday, September 21st. TheStreet raised Ophthotech from an “e+” rating to a “c” rating in a research note on Thursday, November 30th. Finally, ValuEngine upgraded Ophthotech from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.
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Ophthotech Corporation is a biopharmaceutical company. The Company is engaged in the development of therapeutics to treat ophthalmic diseases, with a focus on diseases of the back of the eye. Its primary focus is developing therapeutics for age-related macular degeneration (AMD), which is a disorder of the central portion of the retina, known as the macula, that may result in blindness.
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