Princeton Capital Management Inc. raised its stake in Senomyx Inc. (NASDAQ:SNMX) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 242,315 shares of the company’s stock after buying an additional 5,800 shares during the period. Princeton Capital Management Inc.’s holdings in Senomyx were worth $666,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SNMX. Prescott Group Capital Management L.L.C. boosted its position in Senomyx by 150.1% in the second quarter. Prescott Group Capital Management L.L.C. now owns 135,900 shares of the company’s stock worth $374,000 after buying an additional 81,564 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Senomyx by 329.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 157,091 shares of the company’s stock worth $408,000 after buying an additional 120,471 shares during the period. Geode Capital Management LLC boosted its position in Senomyx by 0.7% in the first quarter. Geode Capital Management LLC now owns 304,257 shares of the company’s stock worth $791,000 after buying an additional 2,182 shares during the period. William Harris Investors Inc. boosted its position in Senomyx by 15.9% in the first quarter. William Harris Investors Inc. now owns 360,168 shares of the company’s stock worth $936,000 after buying an additional 49,447 shares during the period. Finally, Algert Global LLC boosted its position in Senomyx by 61.5% in the first quarter. Algert Global LLC now owns 206,153 shares of the company’s stock worth $536,000 after buying an additional 78,533 shares during the period. Institutional investors and hedge funds own 50.85% of the company’s stock.
Shares of Senomyx Inc. (NASDAQ:SNMX) traded up 2.53% during mid-day trading on Monday, reaching $4.46. 142,949 shares of the company’s stock were exchanged. The company’s 50 day moving average is $4.05 and its 200 day moving average is $3.03. The stock’s market capitalization is $199.64 million. Senomyx Inc. has a 1-year low of $2.11 and a 1-year high of $5.65.
Senomyx (NASDAQ:SNMX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Senomyx had a negative net margin of 37.41% and a negative return on equity of 51.25%. The business earned $6.60 million during the quarter, compared to analysts’ expectations of $6.20 million. During the same period in the previous year, the business posted ($0.06) EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Senomyx Inc. will post ($0.25) EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of Senomyx from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th.
Senomyx Company Profile
Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.
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