Chatham Capital Group Inc. Purchases 388 Shares of Simulations Plus, Inc. (NASDAQ:SLP)

Chatham Capital Group Inc. increased its position in Simulations Plus, Inc. (NASDAQ:SLPGet Rating) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 30,742 shares of the technology company’s stock after buying an additional 388 shares during the quarter. Chatham Capital Group Inc.’s holdings in Simulations Plus were worth $1,567,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in Simulations Plus by 1.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,693 shares of the technology company’s stock valued at $501,000 after acquiring an additional 196 shares during the period. Fifth Third Bancorp grew its holdings in Simulations Plus by 52.5% in the fourth quarter. Fifth Third Bancorp now owns 808 shares of the technology company’s stock worth $38,000 after purchasing an additional 278 shares during the period. California State Teachers Retirement System grew its holdings in Simulations Plus by 1.5% in the third quarter. California State Teachers Retirement System now owns 21,387 shares of the technology company’s stock worth $845,000 after purchasing an additional 321 shares during the period. MML Investors Services LLC grew its holdings in Simulations Plus by 12.0% in the third quarter. MML Investors Services LLC now owns 6,570 shares of the technology company’s stock worth $260,000 after purchasing an additional 702 shares during the period. Finally, Concord Wealth Partners grew its holdings in Simulations Plus by 625.0% in the fourth quarter. Concord Wealth Partners now owns 899 shares of the technology company’s stock worth $43,000 after purchasing an additional 775 shares during the period. 73.48% of the stock is currently owned by institutional investors.

In related news, Director Walter S. Woltosz sold 13,288 shares of Simulations Plus stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $46.68, for a total value of $620,283.84. Following the completion of the sale, the director now directly owns 4,183,971 shares in the company, valued at $195,307,766.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter S. Woltosz sold 20,000 shares of Simulations Plus stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $47.99, for a total value of $959,800.00. Following the completion of the sale, the director now owns 4,157,634 shares of the company’s stock, valued at $199,524,855.66. The disclosure for this sale can be found here. Insiders sold a total of 50,749 shares of company stock worth $2,418,212 in the last quarter. Company insiders own 23.08% of the company’s stock.

Separately, StockNews.com assumed coverage on shares of Simulations Plus in a report on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.67.

Shares of Simulations Plus stock opened at $49.33 on Friday. The company has a 50-day moving average of $46.28 and a 200 day moving average of $45.41. The firm has a market cap of $996.81 million, a price-to-earnings ratio of 89.69 and a beta of 0.32. Simulations Plus, Inc. has a 1 year low of $35.18 and a 1 year high of $57.96.

Simulations Plus (NASDAQ:SLPGet Rating) last announced its quarterly earnings results on Wednesday, April 6th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $14.80 million for the quarter, compared to the consensus estimate of $15.03 million. Simulations Plus had a net margin of 23.13% and a return on equity of 6.86%. During the same quarter last year, the firm posted $0.15 EPS. Equities analysts anticipate that Simulations Plus, Inc. will post 0.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Monday, April 25th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, April 22nd. Simulations Plus’s dividend payout ratio (DPR) is presently 43.64%.

Simulations Plus Profile (Get Rating)

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. It operates through four segments: Simulations Plus, Cognigen, DILIsym, and Lixoft.

Further Reading

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Institutional Ownership by Quarter for Simulations Plus (NASDAQ:SLP)

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