Kennedy Capital Management Inc. Takes $5.10 Million Position in Catalyst Pharmaceuticals Inc (NASDAQ:CPRX)

Kennedy Capital Management Inc. purchased a new stake in shares of Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 999,787 shares of the biopharmaceutical company’s stock, valued at approximately $5,099,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Broadfin Capital LLC lifted its stake in shares of Catalyst Pharmaceuticals by 22.0% in the fourth quarter. Broadfin Capital LLC now owns 6,268,298 shares of the biopharmaceutical company’s stock worth $12,035,000 after buying an additional 1,132,034 shares in the last quarter. BlackRock Inc. grew its stake in Catalyst Pharmaceuticals by 11.5% during the fourth quarter. BlackRock Inc. now owns 6,970,873 shares of the biopharmaceutical company’s stock valued at $13,384,000 after acquiring an additional 719,093 shares in the last quarter. EAM Global Investors LLC bought a new position in Catalyst Pharmaceuticals during the first quarter valued at $1,409,000. Parametric Portfolio Associates LLC bought a new position in Catalyst Pharmaceuticals during the first quarter valued at $952,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Catalyst Pharmaceuticals by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,458,151 shares of the biopharmaceutical company’s stock worth $16,852,000 after acquiring an additional 185,017 shares during the last quarter. Institutional investors and hedge funds own 59.79% of the company’s stock.

CPRX stock traded up $0.09 during mid-day trading on Wednesday, hitting $3.66. The stock had a trading volume of 78,214 shares, compared to its average volume of 2,099,663. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.08 and a quick ratio of 6.07. Catalyst Pharmaceuticals Inc has a 1-year low of $1.85 and a 1-year high of $6.16. The firm has a market cap of $363.08 million, a P/E ratio of -10.61 and a beta of 2.71.

Catalyst Pharmaceuticals (NASDAQ:CPRX) last issued its earnings results on Monday, May 13th. The biopharmaceutical company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.12. The firm had revenue of $12.45 million during the quarter, compared to analyst estimates of $2.40 million. During the same period in the previous year, the company earned ($0.06) earnings per share. As a group, research analysts expect that Catalyst Pharmaceuticals Inc will post 0.11 EPS for the current year.

A number of research analysts have recently issued reports on CPRX shares. BidaskClub downgraded shares of Catalyst Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Catalyst Pharmaceuticals from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Tuesday, May 21st. HC Wainwright set a $9.00 price target on Catalyst Pharmaceuticals and gave the company a “buy” rating in a report on Tuesday, May 14th. ValuEngine lowered Catalyst Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $10.00 target price on shares of Catalyst Pharmaceuticals in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $7.35.

In other news, CEO Patrick J. Mcenany bought 25,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of $3.23 per share, with a total value of $80,750.00. Following the purchase, the chief executive officer now owns 4,762,693 shares of the company’s stock, valued at $15,383,498.39. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 10.70% of the stock is owned by company insiders.

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Catalyst Pharmaceuticals Company Profile

Catalyst Pharmaceuticals, Inc, a biopharmaceutical company, focuses on developing and commercializing therapies for people with rare debilitating, chronic neuromuscular, and neurological diseases. It offers Firdapse, a proprietary form of amifampridine phosphate for the treatment of patients with lambert-eaton myasthenic syndrome in the United States.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Catalyst Pharmaceuticals (NASDAQ:CPRX)

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