Entropy Technologies LP Buys New Position in Premier, Inc. (NASDAQ:PINC)

Entropy Technologies LP purchased a new position in shares of Premier, Inc. (NASDAQ:PINC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,795 shares of the company’s stock, valued at approximately $356,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Premier by 137.6% during the third quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after purchasing an additional 780 shares during the period. CWM LLC raised its position in Premier by 10.2% in the 3rd quarter. CWM LLC now owns 45,039 shares of the company’s stock valued at $901,000 after buying an additional 4,185 shares during the last quarter. Inspire Investing LLC raised its position in Premier by 6.8% in the 3rd quarter. Inspire Investing LLC now owns 20,576 shares of the company’s stock valued at $412,000 after buying an additional 1,304 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Premier by 165.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 83,350 shares of the company’s stock valued at $1,667,000 after buying an additional 51,955 shares during the last quarter. Finally, Creative Planning raised its position in Premier by 13.8% in the 3rd quarter. Creative Planning now owns 58,018 shares of the company’s stock valued at $1,160,000 after buying an additional 7,038 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors.

Premier Stock Performance

PINC stock opened at $18.02 on Thursday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -180.18 and a beta of 0.43. Premier, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $23.56. The stock has a fifty day moving average of $21.35 and a 200-day moving average of $20.89.

Premier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 4.66%. Premier’s payout ratio is -839.92%.

Analyst Ratings Changes

PINC has been the subject of a number of analyst reports. Canaccord Genuity Group lowered their price target on Premier from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Barclays raised their target price on Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird decreased their target price on Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their target price on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.50.

Insider Transactions at Premier

In other news, Director Helen M. Boudreau sold 2,500 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $21.42, for a total transaction of $53,550.00. Following the completion of the transaction, the director now owns 20,668 shares in the company, valued at approximately $442,708.56. This represents a 10.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Bigalke sold 1,136 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.19, for a total value of $25,207.84. Following the completion of the transaction, the director now owns 23,846 shares of the company’s stock, valued at approximately $529,142.74. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,010 shares of company stock worth $916,911. 0.96% of the stock is owned by company insiders.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.