Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) Director Adam K. Stern acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were acquired at an average price of $0.80 per share, with a total value of $16,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of MTNB traded down $0.03 during midday trading on Friday, reaching $0.80. 561,082 shares of the stock were exchanged, compared to its average volume of 1,039,420. Matinas BioPharma Holdings Inc has a 12-month low of $0.32 and a 12-month high of $1.50.
Matinas BioPharma (NYSEAMERICAN:MTNB) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01).
A number of equities research analysts have commented on MTNB shares. BTIG Research started coverage on Matinas BioPharma in a research report on Friday, May 17th. They set a “buy” rating and a $5.00 price objective for the company. Maxim Group reaffirmed a “buy” rating and set a $5.00 price target on shares of Matinas BioPharma in a research note on Thursday, May 16th. Finally, Zacks Investment Research raised Matinas BioPharma from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Tuesday, April 16th.
Hedge funds have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. bought a new position in shares of Matinas BioPharma in the 4th quarter valued at approximately $26,000. Private Advisor Group LLC raised its stake in shares of Matinas BioPharma by 100.4% in the 4th quarter. Private Advisor Group LLC now owns 49,850 shares of the company’s stock valued at $30,000 after acquiring an additional 24,978 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Matinas BioPharma in the 1st quarter valued at approximately $39,000. ExodusPoint Capital Management LP bought a new position in shares of Matinas BioPharma in the 1st quarter valued at approximately $42,000. Finally, Jane Street Group LLC raised its stake in shares of Matinas BioPharma by 190.1% in the 1st quarter. Jane Street Group LLC now owns 41,452 shares of the company’s stock valued at $45,000 after acquiring an additional 27,165 shares in the last quarter.
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About Matinas BioPharma
Matinas BioPharma Holdings, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of various product candidates. The company enables the delivery of life-changing medicines using its lipid nano-crystal (LNC) platform technology. Its LNC delivery technology platform utilizes lipid nano-crystals which can encapsulate small molecules, oligonucleotides, vaccines, peptides, proteins and other medicines potentially making them safer, more tolerable, less toxic, and orally bioavailable.
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