Alambic Investment Management L.P. Takes $46,000 Position in Infinity Pharmaceuticals Inc. (INFI)

Alambic Investment Management L.P. bought a new position in shares of Infinity Pharmaceuticals Inc. (NASDAQ:INFI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,300 shares of the biotechnology company’s stock, valued at approximately $46,000. Alambic Investment Management L.P. owned about 0.07% of Infinity Pharmaceuticals as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in INFI. Fosun International Ltd acquired a new position in shares of Infinity Pharmaceuticals in the 3rd quarter worth approximately $879,000. Dimensional Fund Advisors LP boosted its holdings in shares of Infinity Pharmaceuticals by 14.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,065,874 shares of the biotechnology company’s stock worth $2,889,000 after acquiring an additional 133,504 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Infinity Pharmaceuticals by 35.7% in the 3rd quarter. Renaissance Technologies LLC now owns 736,700 shares of the biotechnology company’s stock worth $1,996,000 after acquiring an additional 194,000 shares in the last quarter. EcoR1 Capital LLC boosted its holdings in shares of Infinity Pharmaceuticals by 12.2% in the 3rd quarter. EcoR1 Capital LLC now owns 462,068 shares of the biotechnology company’s stock worth $1,252,000 after acquiring an additional 50,068 shares in the last quarter. Finally, Opaleye Management Inc. acquired a new position in shares of Infinity Pharmaceuticals in the 3rd quarter worth approximately $745,000. 51.25% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Value Fund L. P. Biotechnology acquired 175,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The stock was purchased at an average price of $1.20 per share, for a total transaction of $210,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.45% of the company’s stock.

INFI has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded Infinity Pharmaceuticals from a “neutral” rating to an “underweight” rating in a report on Monday, November 12th. Wells Fargo & Co cut shares of Infinity Pharmaceuticals from an “outperform” rating to a “market perform” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded shares of Infinity Pharmaceuticals from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Wednesday, January 2nd. B. Riley started coverage on shares of Infinity Pharmaceuticals in a research report on Friday, January 4th. They issued a “buy” rating and a $3.00 price objective for the company. Finally, UBS Group restated a “reduce” rating on shares of Infinity Pharmaceuticals in a research report on Monday, January 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2.83.

INFI stock opened at $1.50 on Friday. Infinity Pharmaceuticals Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.92. The company has a market capitalization of $85.31 million, a P/E ratio of -1.81 and a beta of 2.17.

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Infinity Pharmaceuticals Profile

Infinity Pharmaceuticals, Inc, a biopharmaceutical company, develops medicines for people with cancer in the United States. Its product candidate is IPI-549, an orally administered clinical-stage immuno-oncology product candidate that inhibits the enzyme phosphoinositide-3-kinase-gamma (PI3K-gamma), which is in Phase 1/1b clinical study.

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Institutional Ownership by Quarter for Infinity Pharmaceuticals (NASDAQ:INFI)

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