BioLife Solutions Inc (NASDAQ:BLFS) CEO Sells $65,960.40 in Stock

BioLife Solutions Inc (NASDAQ:BLFS) CEO Michael Rice sold 12,540 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $5.26, for a total transaction of $65,960.40. Following the transaction, the chief executive officer now directly owns 152,057 shares in the company, valued at approximately $799,819.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Rice also recently made the following trade(s):

  • On Tuesday, January 16th, Michael Rice sold 12,540 shares of BioLife Solutions stock. The shares were sold at an average price of $5.57, for a total transaction of $69,847.80.

BioLife Solutions Inc (NASDAQ BLFS) traded up $0.03 during mid-day trading on Friday, reaching $5.29. 10,729 shares of the company were exchanged, compared to its average volume of 58,129. BioLife Solutions Inc has a one year low of $1.93 and a one year high of $7.53. The firm has a market cap of $72.11, a PE ratio of -12.60 and a beta of 0.32.

Separately, Maxim Group restated a “buy” rating and issued a $7.00 price target on shares of BioLife Solutions in a report on Thursday, October 26th.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLFS. Essex Investment Management Co. LLC acquired a new stake in BioLife Solutions during the 3rd quarter valued at approximately $484,000. Granite Investment Partners LLC acquired a new stake in BioLife Solutions during the 3rd quarter valued at approximately $1,205,000. EAM Investors LLC acquired a new stake in BioLife Solutions during the 3rd quarter valued at approximately $555,000. Wells Fargo & Company MN acquired a new stake in BioLife Solutions during the 4th quarter valued at approximately $111,000. Finally, Millennium Management LLC lifted its stake in BioLife Solutions by 901.6% during the 4th quarter. Millennium Management LLC now owns 182,550 shares of the medical equipment provider’s stock valued at $1,095,000 after acquiring an additional 164,324 shares during the period. Institutional investors and hedge funds own 10.14% of the company’s stock.

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BioLife Solutions Company 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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