Simulations Plus, Inc. (NASDAQ:SLP) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in Simulations Plus, Inc. (NASDAQ:SLPFree Report) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,041 shares of the technology company’s stock after selling 480 shares during the quarter. Yousif Capital Management LLC’s holdings in Simulations Plus were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Clearview Wealth Advisors LLC acquired a new stake in Simulations Plus during the third quarter worth approximately $745,000. Hennion & Walsh Asset Management Inc. raised its holdings in Simulations Plus by 284.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 18,291 shares of the technology company’s stock worth $763,000 after purchasing an additional 13,539 shares in the last quarter. TIAA Trust National Association acquired a new stake in Simulations Plus during the third quarter worth approximately $214,000. Strs Ohio acquired a new stake in Simulations Plus during the third quarter worth approximately $225,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Simulations Plus by 74.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,446 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,467 shares in the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simulations Plus

In related news, insider John Anthony Dibella II sold 5,411 shares of Simulations Plus stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $45.16, for a total value of $244,360.76. Following the transaction, the insider now directly owns 74,429 shares in the company, valued at approximately $3,361,213.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Simulations Plus news, Director Walter S. Woltosz sold 31,148 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $38.80, for a total value of $1,208,542.40. Following the completion of the sale, the director now owns 3,793,255 shares of the company’s stock, valued at $147,178,294. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Anthony Dibella II sold 5,411 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $45.16, for a total value of $244,360.76. Following the completion of the sale, the insider now directly owns 74,429 shares of the company’s stock, valued at approximately $3,361,213.64. The disclosure for this sale can be found here. Insiders have sold a total of 80,361 shares of company stock worth $3,264,177 in the last three months. Insiders own 20.90% of the company’s stock.

Simulations Plus Trading Down 1.0 %

Shares of SLP opened at $39.35 on Wednesday. The firm has a market cap of $785.82 million, a PE ratio of 74.25 and a beta of 0.68. The company’s 50 day simple moving average is $40.67 and its 200-day simple moving average is $41.96. Simulations Plus, Inc. has a 12-month low of $32.69 and a 12-month high of $52.69.

Simulations Plus (NASDAQ:SLPGet Free Report) last announced its earnings results on Wednesday, January 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $14.50 million for the quarter, compared to analyst estimates of $13.94 million. Simulations Plus had a net margin of 17.12% and a return on equity of 8.18%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. As a group, equities research analysts forecast that Simulations Plus, Inc. will post 0.67 EPS for the current fiscal year.

Simulations Plus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Monday, January 29th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.61%. Simulations Plus’s dividend payout ratio (DPR) is 45.28%.

Analyst Ratings Changes

SLP has been the topic of a number of research analyst reports. Craig Hallum raised their price objective on shares of Simulations Plus from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. StockNews.com began coverage on shares of Simulations Plus in a research report on Thursday, October 5th. They set a “hold” rating on the stock.

Check Out Our Latest Stock Analysis on SLP

Simulations Plus Company Profile

(Free Report)

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.

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Institutional Ownership by Quarter for Simulations Plus (NASDAQ:SLP)

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