Alimera Sciences, Inc. (ALIM) CEO Sells $63,480.00 in Stock

Alimera Sciences, Inc. (NASDAQ:ALIM) CEO C. Daniel Myers sold 52,900 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $1.20, for a total transaction of $63,480.00. Following the sale, the chief executive officer now owns 101,511 shares of the company’s stock, valued at approximately $121,813.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

C. Daniel Myers also recently made the following trade(s):

  • On Wednesday, January 17th, C. Daniel Myers sold 52,900 shares of Alimera Sciences stock. The stock was sold at an average price of $1.23, for a total transaction of $65,067.00.

Alimera Sciences, Inc. (ALIM) traded down $0.04 on Friday, hitting $1.20. 328,891 shares of the stock traded hands, compared to its average volume of 129,121. The stock has a market capitalization of $85.74, a P/E ratio of -3.87 and a beta of 2.16. The company has a debt-to-equity ratio of -0.71, a current ratio of 4.84 and a quick ratio of 4.65. Alimera Sciences, Inc. has a 52-week low of $1.11 and a 52-week high of $1.72.

Alimera Sciences (NASDAQ:ALIM) last posted its earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. research analysts expect that Alimera Sciences, Inc. will post -0.27 earnings per share for the current year.

Several equities analysts have recently weighed in on the stock. ValuEngine downgraded shares of Alimera Sciences from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 3rd. HC Wainwright reiterated a “buy” rating and issued a $5.00 target price on shares of Alimera Sciences in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Alimera Sciences from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Cowen reiterated a “buy” rating on shares of Alimera Sciences in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.38.

An institutional investor recently raised its position in Alimera Sciences stock. Stonepine Capital Management LLC raised its holdings in Alimera Sciences, Inc. (NASDAQ:ALIM) by 158.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,226 shares of the biopharmaceutical company’s stock after purchasing an additional 292,399 shares during the period. Alimera Sciences accounts for about 0.4% of Stonepine Capital Management LLC’s holdings, making the stock its 21st biggest position. Stonepine Capital Management LLC owned 0.69% of Alimera Sciences worth $644,000 at the end of the most recent quarter. Institutional investors own 41.78% of the company’s stock.

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Alimera Sciences Company Profile

Alimera Sciences, Inc (Alimera) is a pharmaceutical company. The Company is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. The Company operates through two segments: U.S. and International. The Company focuses on diseases affecting the back of the eye or retina.

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