Mustang Bio Inc (MBIO) Director Lindsay A. Md Rosenwald Purchases 50,000 Shares

Mustang Bio Inc (NASDAQ:MBIO) Director Lindsay A. Md Rosenwald bought 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average cost of $4.41 per share, for a total transaction of $220,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of MBIO stock opened at $4.44 on Tuesday. Mustang Bio Inc has a 1 year low of $3.70 and a 1 year high of $12.89. The firm has a market cap of $126.77 million, a P/E ratio of -5.92 and a beta of 1.66.

Mustang Bio (NASDAQ:MBIO) last posted its quarterly earnings results on Monday, August 13th. The company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.06. On average, analysts expect that Mustang Bio Inc will post -0.84 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of MBIO. Northern Trust Corp boosted its stake in Mustang Bio by 76.7% during the first quarter. Northern Trust Corp now owns 28,364 shares of the company’s stock worth $310,000 after buying an additional 12,316 shares in the last quarter. BlackRock Inc. boosted its stake in Mustang Bio by 904.5% during the first quarter. BlackRock Inc. now owns 21,646 shares of the company’s stock worth $237,000 after buying an additional 19,491 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in Mustang Bio during the first quarter worth $186,000. Millennium Management LLC boosted its stake in Mustang Bio by 271.7% during the first quarter. Millennium Management LLC now owns 101,029 shares of the company’s stock worth $1,105,000 after buying an additional 73,850 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Mustang Bio by 252.4% during the second quarter. Bank of New York Mellon Corp now owns 43,557 shares of the company’s stock worth $300,000 after buying an additional 31,197 shares in the last quarter. Hedge funds and other institutional investors own 9.52% of the company’s stock.

A number of brokerages recently issued reports on MBIO. ValuEngine lowered shares of Mustang Bio from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Zacks Investment Research raised shares of Mustang Bio from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research report on Saturday, August 18th. Finally, Oppenheimer set a $18.00 target price on shares of Mustang Bio and gave the stock a “buy” rating in a research report on Tuesday, October 30th.

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About Mustang Bio

Mustang Bio, Inc, a clinical-stage biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel cancer immunotherapy products based on the chimeric antigen receptor engineered T (CAR T) cell technology. The company's CAR T product candidates include MB-101, a IL13Ra2 CAR T cell program which is in Phase I clinical study for glioblastoma; and MB-102, a CD123 CAR T cell program to treat acute myeloid leukemia and blastic plasmacytoid dendritic cell neoplasm; and MB-106, a CD20 CAR T cell program that is in Phase I clinical study for the treatment of B cell non-Hodgkin lymphoma.

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