Amphastar Pharmaceuticals Inc (NASDAQ:AMPH) Director Richard K. Prins sold 16,598 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $19.90, for a total value of $330,300.20. Following the sale, the director now directly owns 45,442 shares of the company’s stock, valued at approximately $904,295.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Amphastar Pharmaceuticals stock opened at $19.01 on Monday. The company has a quick ratio of 1.85, a current ratio of 2.79 and a debt-to-equity ratio of 0.12. Amphastar Pharmaceuticals Inc has a 52 week low of $13.15 and a 52 week high of $20.45. The company has a market capitalization of $881.13, a price-to-earnings ratio of 50.03, a PEG ratio of 1.35 and a beta of 1.42.
Amphastar Pharmaceuticals (NASDAQ:AMPH) last announced its quarterly earnings data on Monday, March 12th. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Amphastar Pharmaceuticals had a return on equity of 4.56% and a net margin of 1.88%. The firm had revenue of $60.40 million during the quarter, compared to analysts’ expectations of $60.62 million. During the same quarter last year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. research analysts predict that Amphastar Pharmaceuticals Inc will post 0.63 EPS for the current year.
A number of institutional investors have recently made changes to their positions in AMPH. Parametric Portfolio Associates LLC grew its stake in Amphastar Pharmaceuticals by 72.0% in the second quarter. Parametric Portfolio Associates LLC now owns 45,615 shares of the company’s stock valued at $815,000 after acquiring an additional 19,091 shares during the period. The Manufacturers Life Insurance Company grew its stake in Amphastar Pharmaceuticals by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 28,701 shares of the company’s stock valued at $512,000 after acquiring an additional 312 shares during the period. Prudential Financial Inc. grew its stake in Amphastar Pharmaceuticals by 8.3% in the third quarter. Prudential Financial Inc. now owns 63,580 shares of the company’s stock valued at $1,136,000 after acquiring an additional 4,850 shares during the period. BNP Paribas Arbitrage SA grew its stake in Amphastar Pharmaceuticals by 70.2% in the third quarter. BNP Paribas Arbitrage SA now owns 17,946 shares of the company’s stock valued at $321,000 after acquiring an additional 7,401 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in Amphastar Pharmaceuticals by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,390 shares of the company’s stock valued at $239,000 after acquiring an additional 4,960 shares during the period. 44.46% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on AMPH shares. Zacks Investment Research cut Amphastar Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. BidaskClub cut Amphastar Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Piper Jaffray reaffirmed a “buy” rating and set a $26.00 target price on shares of Amphastar Pharmaceuticals in a research note on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 target price (up previously from $23.00) on shares of Amphastar Pharmaceuticals in a research note on Tuesday, March 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $19.00 target price (up previously from $17.00) on shares of Amphastar Pharmaceuticals in a research note on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.33.
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About Amphastar Pharmaceuticals
Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable, inhalation and intranasal products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.
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