Premier, Inc. (NASDAQ:PINC) General Counsel Sells $195,300.00 in Stock

Premier, Inc. (NASDAQ:PINC) General Counsel David L. Klatsky sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total value of $195,300.00. Following the completion of the sale, the general counsel now directly owns 90,597 shares of the company’s stock, valued at $1,769,359.41. This represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Premier Price Performance

PINC stock traded down $0.01 on Thursday, reaching $19.54. 1,148,201 shares of the company were exchanged, compared to its average volume of 1,249,273. The firm has a market capitalization of $1.78 billion, a PE ratio of -195.38 and a beta of 0.39. Premier, Inc. has a 12 month low of $17.23 and a 12 month high of $23.56. The stock’s fifty day moving average price is $19.17 and its 200 day moving average price is $20.46.

Premier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, February 28th. Premier’s dividend payout ratio is currently -840.00%.

Institutional Investors Weigh In On Premier

Several hedge funds have recently made changes to their positions in PINC. Brooklyn Investment Group raised its holdings in Premier by 61,750.0% in the 4th quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock valued at $26,000 after acquiring an additional 1,235 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Premier by 157.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after acquiring an additional 786 shares during the period. Keystone Financial Group Inc. acquired a new position in Premier in the fourth quarter worth about $37,000. Wilmington Savings Fund Society FSB bought a new position in Premier during the third quarter worth about $39,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock valued at $40,000 after purchasing an additional 1,427 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PINC shares. Canaccord Genuity Group cut their price objective on Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler reduced their price objective on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Robert W. Baird decreased their price objective on shares of Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Premier has an average rating of “Hold” and a consensus target price of $20.17.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.