Semler Scientific (NASDAQ:SMLR) Shares Gap Up – Here’s Why

Semler Scientific, Inc. (NASDAQ:SMLR)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $56.23, but opened at $58.77. Semler Scientific shares last traded at $56.43, with a volume of 78,260 shares traded.

Semler Scientific Price Performance

The company has a 50 day moving average price of $52.60 and a 200 day moving average price of $37.42. The firm has a market cap of $524.14 million, a PE ratio of 27.59 and a beta of 1.18.

Semler Scientific (NASDAQ:SMLR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.35. Semler Scientific had a return on equity of 20.31% and a net margin of 27.00%. The company had revenue of $13.51 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in shares of Semler Scientific during the 3rd quarter worth approximately $361,000. Verition Fund Management LLC purchased a new stake in shares of Semler Scientific in the third quarter valued at $251,000. Shariaportfolio Inc. purchased a new stake in Semler Scientific during the 3rd quarter worth about $3,618,000. Cerity Partners LLC raised its stake in Semler Scientific by 91.5% in the 3rd quarter. Cerity Partners LLC now owns 1,345,586 shares of the company’s stock valued at $31,689,000 after purchasing an additional 642,982 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Semler Scientific by 18.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 126,177 shares of the company’s stock valued at $4,341,000 after purchasing an additional 19,552 shares in the last quarter. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Semler Scientific Company Profile

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company’s products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient’s vascular condition.