Capital Investment Advisors LLC reduced its stake in Danimer Scientific, Inc. (NYSE:DNMR – Free Report) by 22.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 601,129 shares of the company’s stock after selling 169,524 shares during the period. Capital Investment Advisors LLC owned 0.52% of Danimer Scientific worth $363,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Danimer Scientific in the fourth quarter valued at $41,000. Vanguard Group Inc. increased its position in shares of Danimer Scientific by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,070,069 shares of the company’s stock worth $5,526,000 after acquiring an additional 49,913 shares in the last quarter. Virtu Financial LLC increased its position in shares of Danimer Scientific by 628.5% during the fourth quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock worth $186,000 after acquiring an additional 157,085 shares in the last quarter. Thomasville National Bank increased its position in shares of Danimer Scientific by 125.8% during the first quarter. Thomasville National Bank now owns 177,845 shares of the company’s stock worth $194,000 after acquiring an additional 99,078 shares in the last quarter. Finally, Greenlight Capital Inc. increased its position in shares of Danimer Scientific by 5.1% during the fourth quarter. Greenlight Capital Inc. now owns 2,734,580 shares of the company’s stock worth $2,789,000 after acquiring an additional 131,890 shares in the last quarter. 33.84% of the stock is owned by institutional investors.
Danimer Scientific Stock Down 11.9 %
Shares of NYSE:DNMR traded down $0.06 during midday trading on Friday, hitting $0.41. 966,783 shares of the company’s stock were exchanged, compared to its average volume of 965,586. Danimer Scientific, Inc. has a 12 month low of $0.32 and a 12 month high of $2.36. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.54 and a quick ratio of 4.91. The stock has a 50 day moving average price of $0.57 and a 200-day moving average price of $0.69. The company has a market cap of $47.36 million, a PE ratio of -0.29 and a beta of 1.58.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group downgraded shares of Danimer Scientific from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1.30 to $0.80 in a research report on Wednesday, May 22nd.
View Our Latest Research Report on DNMR
Danimer Scientific Company Profile
Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
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