Sanctuary Advisors LLC Acquires New Position in Premier, Inc. (NASDAQ:PINC)

Sanctuary Advisors LLC acquired a new stake in Premier, Inc. (NASDAQ:PINC) in the fourth quarter, Holdings Channel reports. The firm acquired 15,349 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of Premier by 61,750.0% in the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock valued at $26,000 after purchasing an additional 1,235 shares in the last quarter. Keystone Financial Group Inc. purchased a new position in Premier in the fourth quarter worth approximately $37,000. Wilmington Savings Fund Society FSB purchased a new position in Premier in the third quarter worth approximately $39,000. Van ECK Associates Corp lifted its stake in Premier by 28.0% in the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company’s stock worth $43,000 after acquiring an additional 446 shares during the last quarter. Finally, Quarry LP lifted its stake in Premier by 576.7% in the third quarter. Quarry LP now owns 2,179 shares of the company’s stock worth $44,000 after acquiring an additional 1,857 shares during the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.

Insider Buying and Selling at Premier

In related news, Director John T. Bigalke sold 1,136 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.19, for a total transaction of $25,207.84. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helen M. Boudreau sold 2,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $21.42, for a total transaction of $53,550.00. Following the completion of the sale, the director now directly owns 20,668 shares of the company’s stock, valued at $442,708.56. This trade represents a 10.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,010 shares of company stock worth $916,911. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group decreased their price target on shares of Premier from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Piper Sandler decreased their price target on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Robert W. Baird reduced their price objective on shares of Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, Premier presently has a consensus rating of “Hold” and a consensus price target of $20.17.

Premier Stock Down 1.4 %

NASDAQ:PINC opened at $17.93 on Tuesday. Premier, Inc. has a fifty-two week low of $17.69 and a fifty-two week high of $23.56. The stock has a market cap of $1.64 billion, a PE ratio of -179.28 and a beta of 0.43. The firm’s fifty day simple moving average is $20.48 and its 200-day simple moving average is $20.71.

Premier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 4.68%. Premier’s dividend payout ratio (DPR) is -840.00%.

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.