Bridgeway Capital Management LLC Sells 2,500 Shares of Everspin Technologies, Inc. (NASDAQ:MRAM)

Bridgeway Capital Management LLC trimmed its holdings in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,300 shares of the business services provider’s stock after selling 2,500 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Everspin Technologies were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MRAM. Herald Investment Management Ltd raised its position in Everspin Technologies by 20.0% during the fourth quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider’s stock valued at $3,822,000 after purchasing an additional 100,000 shares during the period. Bailard Inc. purchased a new position in shares of Everspin Technologies in the 4th quarter worth approximately $292,000. Barclays PLC increased its position in shares of Everspin Technologies by 157.9% during the 3rd quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 32,240 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new position in shares of Everspin Technologies during the 4th quarter valued at approximately $162,000. Finally, JPMorgan Chase & Co. raised its holdings in Everspin Technologies by 49.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock valued at $346,000 after buying an additional 19,367 shares during the period. Institutional investors own 44.68% of the company’s stock.

Everspin Technologies Stock Performance

MRAM opened at $5.94 on Monday. The stock’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.82. Everspin Technologies, Inc. has a one year low of $4.34 and a one year high of $7.00. The stock has a market cap of $133.45 million, a price-to-earnings ratio of 99.00 and a beta of 0.31.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

Insider Transactions at Everspin Technologies

In other Everspin Technologies news, CEO Sanjeev Aggarwal sold 16,845 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $5.00, for a total value of $84,225.00. Following the completion of the sale, the chief executive officer now directly owns 637,983 shares of the company’s stock, valued at $3,189,915. The trade was a 2.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Schrenk sold 20,000 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $5.70, for a total transaction of $114,000.00. Following the completion of the transaction, the vice president now owns 114,119 shares in the company, valued at $650,478.30. This represents a 14.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,422 shares of company stock worth $399,429. 6.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on MRAM shares. StockNews.com lowered shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Needham & Company LLC initiated coverage on shares of Everspin Technologies in a research note on Thursday, May 1st. They set a “buy” rating for the company.

Everspin Technologies Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.