Sharps Compliance Corp (NASDAQ:SMED) Stake Increased by North Star Investment Management Corp.

North Star Investment Management Corp. increased its stake in Sharps Compliance Corp (NASDAQ:SMED) by 98.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,350 shares of the industrial products company’s stock after buying an additional 95,922 shares during the period. North Star Investment Management Corp.’s holdings in Sharps Compliance Corp were worth $818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SMED. Goodman Financial Corp raised its position in shares of Sharps Compliance Corp by 5.0% in the first quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock valued at $4,417,000 after buying an additional 44,506 shares during the last quarter. Lapides Asset Management LLC raised its position in shares of Sharps Compliance Corp by 18.5% in the first quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock valued at $803,000 after buying an additional 26,400 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Sharps Compliance Corp by 4.1% in the first quarter. Cadence Capital Management LLC now owns 168,590 shares of the industrial products company’s stock valued at $802,000 after buying an additional 6,710 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management raised its position in shares of Sharps Compliance Corp by 32.5% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 57,013 shares of the industrial products company’s stock valued at $272,000 after buying an additional 13,972 shares during the last quarter. Institutional investors own 26.22% of the company’s stock.

Shares of Sharps Compliance Corp (NASDAQ:SMED) traded up 2.11% on Thursday, reaching $4.35. 1,800 shares of the company’s stock traded hands. The firm’s market capitalization is $69.63 million. Sharps Compliance Corp has a 52 week low of $3.32 and a 52 week high of $5.69. The company has a 50 day moving average price of $4.17 and a 200 day moving average price of $4.42.

Sharps Compliance Corp (NASDAQ:SMED) last released its earnings results on Wednesday, April 26th. The industrial products company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $8.59 million for the quarter, compared to analyst estimates of $8.38 million. Sharps Compliance Corp had a negative net margin of 4.47% and a negative return on equity of 3.66%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. On average, equities research analysts predict that Sharps Compliance Corp will post ($0.08) earnings per share for the current fiscal year.

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Separately, Zacks Investment Research upgraded shares of Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th.

About Sharps Compliance Corp

Sharps Compliance Corp. is a provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions.

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Institutional Ownership by Quarter for Sharps Compliance Corp (NASDAQ:SMED)

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