Simulations Plus, Inc. (NASDAQ:SLP) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP increased its stake in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 45.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,558 shares of the technology company’s stock after purchasing an additional 87,516 shares during the period. Wasatch Advisors LP owned 1.40% of Simulations Plus worth $12,510,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new position in Simulations Plus in the 3rd quarter valued at $57,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Simulations Plus by 194.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,487 shares of the technology company’s stock valued at $62,000 after acquiring an additional 982 shares during the last quarter. Canton Hathaway LLC raised its holdings in Simulations Plus by 25.0% in the 4th quarter. Canton Hathaway LLC now owns 5,000 shares of the technology company’s stock valued at $224,000 after acquiring an additional 1,000 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Simulations Plus by 21.7% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 6,089 shares of the technology company’s stock valued at $254,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Simulations Plus in the 3rd quarter valued at $335,000. 78.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $45.95, for a total transaction of $919,000.00. Following the sale, the director now owns 3,580,857 shares in the company, valued at $164,540,379.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Simulations Plus news, Director Daniel L. Weiner sold 3,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $48.31, for a total value of $157,007.50. Following the sale, the director now owns 8,759 shares in the company, valued at $423,147.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $45.95, for a total transaction of $919,000.00. Following the completion of the transaction, the director now owns 3,580,857 shares of the company’s stock, valued at $164,540,379.15. The disclosure for this sale can be found here. Insiders have sold a total of 43,750 shares of company stock worth $1,899,808 over the last quarter. 20.90% of the stock is owned by company insiders.

Simulations Plus Stock Down 1.5 %

Shares of SLP stock traded down $0.68 on Tuesday, reaching $45.78. 1,747 shares of the stock were exchanged, compared to its average volume of 98,096. The stock has a market cap of $915.14 million, a P/E ratio of 87.66 and a beta of 0.75. The firm has a 50 day moving average of $47.24 and a two-hundred day moving average of $43.29. Simulations Plus, Inc. has a 1-year low of $32.69 and a 1-year high of $52.69.

Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings results on Wednesday, April 3rd. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $18.31 million during the quarter, compared to analysts’ expectations of $17.31 million. Simulations Plus had a net margin of 16.22% and a return on equity of 7.95%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. On average, equities research analysts predict that Simulations Plus, Inc. will post 0.67 EPS for the current fiscal year.

Simulations Plus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 29th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, April 26th. This represents a $0.24 annualized dividend and a yield of 0.52%. Simulations Plus’s dividend payout ratio (DPR) is 45.28%.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.