Royce & Associates LP Sells 46,485 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Royce & Associates LP cut its stake in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 68.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,297 shares of the company’s stock after selling 46,485 shares during the period. Royce & Associates LP’s holdings in Olaplex were worth $37,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chemistry Wealth Management LLC bought a new stake in Olaplex in the 4th quarter worth about $25,000. Cornerstone Wealth Management LLC purchased a new position in Olaplex in the fourth quarter worth about $36,000. Parkside Financial Bank & Trust lifted its position in shares of Olaplex by 290.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock valued at $37,000 after buying an additional 15,911 shares in the last quarter. Cinctive Capital Management LP purchased a new position in shares of Olaplex during the 3rd quarter valued at about $38,000. Finally, Abel Hall LLC lifted its position in shares of Olaplex by 68.1% during the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock valued at $43,000 after buying an additional 7,397 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors.

Olaplex Price Performance

OLPX opened at $1.34 on Friday. The business has a fifty day moving average of $1.49 and a 200 day moving average of $1.84. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.77. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The stock has a market cap of $890.59 million, a P/E ratio of 22.34 and a beta of 2.44.

Analyst Ratings Changes

OLPX has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Wednesday, March 12th. Finally, Barclays boosted their target price on Olaplex from $1.50 to $1.70 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th.

Insider Activity at Olaplex

In other Olaplex news, insider Trisha L. Fox sold 26,526 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $38,197.44. Following the completion of the sale, the insider now directly owns 461,548 shares in the company, valued at approximately $664,629.12. This represents a 5.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John C. Duffy sold 35,013 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $50,418.72. Following the completion of the sale, the general counsel now owns 348,630 shares of the company’s stock, valued at $502,027.20. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

About Olaplex

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.