ADMA Biologics Inc (NASDAQ:ADMA) Sees Large Decline in Short Interest

ADMA Biologics Inc (NASDAQ:ADMAGet Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 22,175,506 shares, a decline of 14.1% from the March 15th total of 25,826,838 shares. Based on an average daily volume of 13,551,247 shares, the days-to-cover ratio is currently 1.6 days. Approximately 9.6% of the company’s shares are short sold.

ADMA Biologics Stock Performance

Shares of ADMA Biologics stock opened at $11.01 on Friday. The company has a current ratio of 6.71, a quick ratio of 3.74 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $13.45 and a two-hundred day moving average price of $15.80. ADMA Biologics has a 1-year low of $7.21 and a 1-year high of $25.67. The company has a market cap of $2.62 billion, a P/E ratio of 18.35 and a beta of 0.82.

ADMA Biologics (NASDAQ:ADMAGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The biotechnology company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. ADMA Biologics had a return on equity of 37.52% and a net margin of 28.80%.The firm had revenue of $139.16 million during the quarter, compared to the consensus estimate of $139.80 million. During the same period last year, the business posted $0.46 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that ADMA Biologics will post 0.51 EPS for the current year.

Key ADMA Biologics News

Here are the key news stories impacting ADMA Biologics this week:

Insider Buying and Selling at ADMA Biologics

In other ADMA Biologics news, COO Kaitlin M. Kestenberg-Messina sold 10,096 shares of ADMA Biologics stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $15.63, for a total transaction of $157,800.48. Following the transaction, the chief operating officer directly owned 466,600 shares of the company’s stock, valued at approximately $7,292,958. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steve Elms purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $15.67 per share, with a total value of $109,690.00. Following the purchase, the director owned 2,038,730 shares of the company’s stock, valued at approximately $31,946,899.10. This trade represents a 0.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.50% of the company’s stock.

Institutional Trading of ADMA Biologics

A number of large investors have recently bought and sold shares of the business. State Street Corp grew its holdings in ADMA Biologics by 0.3% during the 4th quarter. State Street Corp now owns 13,597,259 shares of the biotechnology company’s stock worth $248,014,000 after acquiring an additional 35,614 shares during the period. Sachem Head Capital Management LP grew its stake in shares of ADMA Biologics by 27.0% in the 4th quarter. Sachem Head Capital Management LP now owns 11,375,000 shares of the biotechnology company’s stock valued at $207,480,000 after buying an additional 2,415,000 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of ADMA Biologics by 36.9% in the 4th quarter. Westfield Capital Management Co. LP now owns 6,992,907 shares of the biotechnology company’s stock valued at $127,551,000 after buying an additional 1,886,105 shares during the period. Capital Research Global Investors grew its stake in shares of ADMA Biologics by 104.0% in the 4th quarter. Capital Research Global Investors now owns 6,637,472 shares of the biotechnology company’s stock valued at $121,067,000 after buying an additional 3,383,559 shares during the period. Finally, Nuveen LLC grew its stake in shares of ADMA Biologics by 3.5% in the 4th quarter. Nuveen LLC now owns 5,926,390 shares of the biotechnology company’s stock valued at $108,097,000 after buying an additional 202,245 shares during the period. 75.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of ADMA Biologics in a research note on Tuesday, December 23rd. Cantor Fitzgerald reissued a “neutral” rating on shares of ADMA Biologics in a research note on Thursday, March 26th. Mizuho decreased their price target on ADMA Biologics from $30.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Wall Street Zen cut ADMA Biologics from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised ADMA Biologics from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Read Our Latest Analysis on ADMA Biologics

About ADMA Biologics

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ADMA Biologics, Inc is a biopharmaceutical company headquartered in Ramsey, New Jersey, that focuses on the development, manufacturing and commercialization of specialty plasma-derived biologics for the treatment of primary immunodeficiency and infectious diseases. Leveraging an integrated model that spans plasma collection, fractionation, formulation and fill-finish operations, ADMA Biologics aims to address unmet needs in immune-compromised and high-risk patient populations.

The company’s marketed product portfolio includes BIVIGAM, a human immunoglobulin intravenous (IGIV) therapy approved by the U.S.

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