Semler Scientific (NASDAQ:SMLR) Shares Down 6.1% – Here’s What Happened

Semler Scientific, Inc. (NASDAQ:SMLR)’s stock price dropped 6.1% on Tuesday . The stock traded as low as $54.74 and last traded at $55.36. Approximately 133,518 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 359,435 shares. The stock had previously closed at $58.94.

Semler Scientific Stock Down 4.2 %

The stock has a 50-day simple moving average of $55.45 and a 200 day simple moving average of $38.08. The company has a market cap of $523.12 million, a PE ratio of 27.54 and a beta of 1.18.

Semler Scientific (NASDAQ:SMLR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.35. Semler Scientific had a return on equity of 20.31% and a net margin of 27.00%. The business had revenue of $13.51 million for the quarter.

Hedge Funds Weigh In On Semler Scientific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC increased its position in Semler Scientific by 91.5% during the third quarter. Cerity Partners LLC now owns 1,345,586 shares of the company’s stock worth $31,689,000 after buying an additional 642,982 shares during the period. Shariaportfolio Inc. purchased a new stake in Semler Scientific in the 3rd quarter valued at $3,618,000. AQR Capital Management LLC boosted its stake in Semler Scientific by 150.1% during the 2nd quarter. AQR Capital Management LLC now owns 140,498 shares of the company’s stock worth $4,833,000 after purchasing an additional 84,314 shares during the period. Geode Capital Management LLC grew its position in Semler Scientific by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 135,959 shares of the company’s stock worth $3,202,000 after purchasing an additional 12,964 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Semler Scientific by 18.3% in the second quarter. Dimensional Fund Advisors LP now owns 126,177 shares of the company’s stock valued at $4,341,000 after purchasing an additional 19,552 shares during the period. 49.37% of the stock is owned by institutional investors and hedge funds.

About Semler Scientific

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company’s products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient’s vascular condition.