Ibex Investors LLC acquired a new position in Fluidigm Co. (NASDAQ:FLDM) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 13,188 shares of the medical research company’s stock, valued at approximately $175,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American International Group Inc. lifted its holdings in Fluidigm by 21.2% during the first quarter. American International Group Inc. now owns 20,946 shares of the medical research company’s stock worth $278,000 after buying an additional 3,661 shares during the period. California Public Employees Retirement System lifted its holdings in Fluidigm by 12.0% during the first quarter. California Public Employees Retirement System now owns 60,906 shares of the medical research company’s stock worth $809,000 after buying an additional 6,506 shares during the period. Sigma Planning Corp purchased a new stake in Fluidigm during the first quarter worth $177,000. Rhumbline Advisers lifted its holdings in Fluidigm by 17.7% during the first quarter. Rhumbline Advisers now owns 40,583 shares of the medical research company’s stock worth $539,000 after buying an additional 6,094 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in Fluidigm by 3,543.1% during the first quarter. BNP Paribas Arbitrage SA now owns 6,849 shares of the medical research company’s stock worth $91,000 after buying an additional 6,661 shares during the period. 71.44% of the stock is owned by institutional investors.
Shares of FLDM traded up $0.17 during midday trading on Wednesday, hitting $12.20. 6,919 shares of the company’s stock traded hands, compared to its average volume of 634,135. Fluidigm Co. has a 1 year low of $4.65 and a 1 year high of $14.90. The company has a current ratio of 3.26, a quick ratio of 2.86 and a debt-to-equity ratio of 0.30. The firm has a market cap of $793.04 million, a PE ratio of -15.16 and a beta of 2.40.
Several analysts have recently commented on the company. Zacks Investment Research lowered Fluidigm from a “buy” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies increased their price objective on Fluidigm from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. BidaskClub lowered Fluidigm from a “strong-buy” rating to a “buy” rating in a report on Friday, April 19th. UBS Group assumed coverage on Fluidigm in a report on Friday, March 15th. They set a “neutral” rating and a $14.00 price objective for the company. Finally, BTIG Research assumed coverage on Fluidigm in a report on Wednesday, March 13th. They set a “buy” rating and a $15.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $14.50.
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Fluidigm Corporation creates, manufactures, and markets technologies and tools for life sciences research in the United States and Europe. It offers analytical systems comprising Helios, a CyTOF system, Hyperion imaging system, and Hyperion tissue imager; and assays and reagents, including Maxpar reagents and Maxpar human immune monitoring panel kit and workflow.
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