Gabelli Funds LLC Sells 10,000 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Gabelli Funds LLC decreased its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 706,040 shares of the company’s stock after selling 10,000 shares during the quarter. Gabelli Funds LLC owned about 0.31% of Mirion Technologies worth $8,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Mirion Technologies by 40.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,738,900 shares of the company’s stock worth $38,325,000 after acquiring an additional 1,071,810 shares during the last quarter. P2 Capital Partners LLC boosted its position in shares of Mirion Technologies by 8.8% during the fourth quarter. P2 Capital Partners LLC now owns 5,847,122 shares of the company’s stock worth $59,933,000 after acquiring an additional 474,414 shares during the last quarter. Nomura Holdings Inc. boosted its position in shares of Mirion Technologies by 11.2% during the fourth quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company’s stock worth $50,395,000 after acquiring an additional 493,939 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Mirion Technologies by 10.5% during the third quarter. Vanguard Group Inc. now owns 21,327,974 shares of the company’s stock worth $159,320,000 after acquiring an additional 2,029,698 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Mirion Technologies by 22.5% during the fourth quarter. Victory Capital Management Inc. now owns 27,873 shares of the company’s stock valued at $286,000 after purchasing an additional 5,119 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup increased their price objective on shares of Mirion Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, April 8th.

Insider Activity

In other news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $10.86, for a total value of $81,450.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $16,768,024.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $10.17, for a total value of $50,850.00. Following the transaction, the insider now owns 138,193 shares of the company’s stock, valued at approximately $1,405,422.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $10.86, for a total transaction of $81,450.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,768,024.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,653 shares of company stock valued at $487,194. 2.20% of the stock is currently owned by company insiders.

Mirion Technologies Price Performance

MIR stock traded up $0.15 during trading on Friday, hitting $10.80. 700,519 shares of the company’s stock traded hands, compared to its average volume of 882,640. Mirion Technologies, Inc. has a 52 week low of $6.70 and a 52 week high of $11.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.57 and a current ratio of 2.19. The business has a fifty day simple moving average of $10.68 and a 200 day simple moving average of $10.42. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -26.34 and a beta of 0.79.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.05 EPS for the quarter. Mirion Technologies had a negative net margin of 9.87% and a positive return on equity of 3.44%. The business had revenue of $192.60 million during the quarter.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.