Rockefeller Capital Management L.P. Makes New $395,000 Investment in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Rockefeller Capital Management L.P. purchased a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 168,441 shares of the company’s stock, valued at approximately $395,000.

Other large investors also recently modified their holdings of the company. Ballentine Partners LLC purchased a new position in Olaplex in the third quarter valued at about $28,000. Quarry LP acquired a new position in shares of Olaplex in the 2nd quarter worth approximately $33,000. Catalina Capital Group LLC increased its holdings in shares of Olaplex by 51.3% in the second quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock valued at $37,000 after buying an additional 8,172 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Olaplex by 38.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock worth $40,000 after acquiring an additional 7,235 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Olaplex during the 2nd quarter worth about $43,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Olaplex

In other news, Director John P. Bilbrey bought 25,128 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of $1.76 per share, with a total value of $44,225.28. Following the completion of the purchase, the director now owns 266,721 shares of the company’s stock, valued at $469,428.96. This represents a 10.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on OLPX. Telsey Advisory Group restated a “market perform” rating and issued a $3.00 price objective on shares of Olaplex in a report on Thursday, November 7th. Barclays cut their target price on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.30.

Olaplex Stock Up 0.5 %

Shares of NASDAQ OLPX opened at $2.16 on Wednesday. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. The stock has a market cap of $1.43 billion, a P/E ratio of 36.00 and a beta of 2.48. The firm has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.96.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The company had revenue of $119.10 million during the quarter, compared to the consensus estimate of $126.51 million. During the same period in the prior year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts expect that Olaplex Holdings, Inc. will post 0.11 EPS for the current year.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.