GAMMA Investing LLC Has $27,000 Stake in Premier, Inc. (NASDAQ:PINC)

GAMMA Investing LLC lifted its stake in shares of Premier, Inc. (NASDAQ:PINC) by 137.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,347 shares of the company’s stock after buying an additional 780 shares during the quarter. GAMMA Investing LLC’s holdings in Premier were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Premier in the 1st quarter valued at $27,000. Versant Capital Management Inc grew its position in Premier by 265.2% in the 2nd quarter. Versant Capital Management Inc now owns 2,140 shares of the company’s stock valued at $40,000 after purchasing an additional 1,554 shares during the period. Abich Financial Wealth Management LLC grew its position in Premier by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,951 shares of the company’s stock valued at $43,000 after purchasing an additional 650 shares during the period. Meeder Asset Management Inc. acquired a new stake in Premier in the 2nd quarter valued at $47,000. Finally, nVerses Capital LLC acquired a new stake in Premier in the 2nd quarter valued at $56,000. Institutional investors and hedge funds own 74.41% of the company’s stock.

Premier Price Performance

NASDAQ PINC opened at $20.26 on Friday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 9.13 and a beta of 0.41. Premier, Inc. has a one year low of $17.95 and a one year high of $23.01. The business’s fifty day moving average is $19.89 and its 200-day moving average is $19.76.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. The company had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. Research analysts expect that Premier, Inc. will post 1.04 EPS for the current fiscal year.

Premier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Friday, August 30th. Premier’s payout ratio is 81.55%.

Analyst Ratings Changes

Several research firms recently issued reports on PINC. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Canaccord Genuity Group dropped their price objective on Premier from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price objective on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Robert W. Baird dropped their price objective on Premier from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Finally, Benchmark cut Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.81.

Insider Transactions at Premier

In related news, CEO Michael J. Alkire sold 17,900 shares of Premier stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $20.00, for a total value of $358,000.00. Following the completion of the sale, the chief executive officer now owns 540,243 shares of the company’s stock, valued at approximately $10,804,860. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total value of $392,400.00. Following the completion of the sale, the chief operating officer now owns 131,707 shares of the company’s stock, valued at approximately $2,584,091.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Alkire sold 17,900 shares of Premier stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $20.00, for a total value of $358,000.00. Following the completion of the sale, the chief executive officer now directly owns 540,243 shares of the company’s stock, valued at approximately $10,804,860. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,587 shares of company stock worth $3,484,750 in the last ninety days. Company insiders own 0.85% of the company’s stock.

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.