Steven D. Rubin Purchases 6,000 Shares of Opko Health Inc. (OPK) Stock

Opko Health Inc. (NASDAQ:OPK) VP Steven D. Rubin acquired 6,000 shares of Opko Health stock in a transaction that occurred on Wednesday, March 7th. The shares were purchased at an average cost of $3.25 per share, with a total value of $19,500.00. Following the purchase, the vice president now owns 5,691,915 shares of the company’s stock, valued at approximately $18,498,723.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OPK stock traded down $0.13 during midday trading on Monday, reaching $3.04. The company had a trading volume of 3,928,077 shares, compared to its average volume of 4,980,257. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 0.98. Opko Health Inc. has a 1 year low of $2.66 and a 1 year high of $8.03. The stock has a market cap of $1,773.53, a PE ratio of -10.48 and a beta of 1.56.

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Opko Health (NASDAQ:OPK) last released its quarterly earnings results on Thursday, March 1st. The biotechnology company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.04). Opko Health had a negative return on equity of 7.87% and a negative net margin of 28.93%. The company had revenue of $193.70 million during the quarter, compared to analysts’ expectations of $307.44 million. research analysts expect that Opko Health Inc. will post -0.48 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in OPK. Ellington Management Group LLC purchased a new stake in shares of Opko Health in the 4th quarter valued at $112,000. Crossmark Global Holdings Inc. bought a new stake in Opko Health during the 3rd quarter valued at $118,000. State of Alaska Department of Revenue bought a new stake in Opko Health during the 4th quarter valued at $144,000. The Manufacturers Life Insurance Company raised its holdings in Opko Health by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,535 shares of the biotechnology company’s stock valued at $149,000 after buying an additional 1,657 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Opko Health during the 4th quarter valued at $154,000. 23.39% of the stock is owned by institutional investors.

Several brokerages recently commented on OPK. Zacks Investment Research cut shares of Opko Health from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. JPMorgan Chase cut shares of Opko Health from a “neutral” rating to an “underweight” rating and set a $7.00 price target for the company. in a research note on Friday, March 2nd. ValuEngine cut shares of Opko Health from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. BidaskClub cut shares of Opko Health from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Finally, Cantor Fitzgerald set a $20.00 price target on shares of Opko Health and gave the stock a “buy” rating in a research note on Thursday, March 1st. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Opko Health currently has a consensus rating of “Hold” and an average price target of $11.29.

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About Opko Health

OPKO Health, Inc is a healthcare company. Its segments include Pharmaceutical, Diagnostics and Corporate. Pharmaceutical consists of the pharmaceutical operations in Chile, Mexico, Ireland, Israel and Spain and its pharmaceutical research and development operations. Diagnostics consists of the clinical laboratory operations in Bio-Reference Laboratories (Bio-Reference) and its point-of-care operations.

Insider Buying and Selling by Quarter for Opko Health (NASDAQ:OPK)

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