November 23, 2016 - By Marguerite Chambers
A few days ago, insider trading transaction was made. Wynnefield Partners Small Cap Value Lp, an insider of Summer Infant Inc obtained a total of 131,420 shares of Summer Infant Inc, worth exactly $262,840 US Dollars, at $2.0 for a share at the time of the transaction. And, It’s sure Wynnefield Partners Small Cap Value Lp’s acquisition isn’t going to remain hidden as the insider currently is having in hand 5.32 million shares – ( 27.55% of Summer Infant Inc’s Market Cap ).
Insitutional Activity: The institutional sentiment increased to 2.17 in Q2 2016. Its up 1.67, from 0.5 in 2016Q1. The ratio is positive, as 6 funds sold all Summer Infant, Inc. shares owned while 4 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 8.93 million shares or 1.51% less from 9.07 million shares in 2016Q1.
Price T Rowe Assoc Md reported 24,500 shares or 0% of all its holdings. State Of New Jersey Common Pension Fund D reported 548,000 shares or 0% of all its holdings. Morgan Stanley reported 4,450 shares or 0% of all its holdings. Perkins Capital Mgmt has 37,500 shares for 0.07% of their US portfolio. Blackrock Fund Advsr has 0% invested in the company for 6,279 shares. Commonwealth Equity Service accumulated 0% or 33,782 shares. California Public Employees Retirement holds 0% or 134,830 shares in its portfolio. Tower Research Capital Ltd Liability (Trc) owns 1,048 shares or 0% of their US portfolio. Renaissance Technology Ltd Limited Liability Company last reported 175,500 shares in the company. Moreover, Walleye Trading Limited Liability Company has 0% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 681 shares. The New York-based Tocqueville Asset Mngmt Limited Partnership has invested 0.03% in Summer Infant, Inc. (NASDAQ:SUMR). Northern Tru Corp accumulated 0% or 12,239 shares. Vanguard holds 0% or 322,210 shares in its portfolio. First Natl Trust, a Pennsylvania-based fund reported 10,000 shares. Wynnefield has 2.46% invested in the company for 4.10M shares.
Insider Transactions: Since August 5, 2016, the stock had 15 buys, and 1 sale for $2.36 million net activity. 19,472 shares were bought by WYNNEFIELD PARTNERS SMALL CAP VALUE LP, worth $42,838. Another trade for 30,243 shares valued at $56,702 was made by Marino Robin L on Wednesday, November 9. $7,355 worth of Summer Infant, Inc. (NASDAQ:SUMR) was sold by MOTE WILLIAM E JR.
The stock increased 3.98% or $0.08 on November 23, hitting $2.09. About 367,264 shares traded hands or 799.21% up from the average. Summer Infant, Inc. (NASDAQ:SUMR) has risen 36.05% since April 21, 2016 and is uptrending. It has outperformed by 30.73% the S&P500.
Summer Infant, Inc. is an infant and juvenile products company. The company has a market cap of $36.82 million. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It currently has negative earnings. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products.
According to Zacks Investment Research, “Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The Company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings.”
Analysts await Summer Infant, Inc. (NASDAQ:SUMR) to report earnings on February, 22. They expect $0.02 earnings per share, up 133.33% or $0.08 from last year’s $-0.06 per share. SUMR’s profit will be $352,344 for 26.13 P/E if the $0.02 EPS becomes a reality. After $0.02 actual earnings per share reported by Summer Infant, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More important recent Summer Infant, Inc. (NASDAQ:SUMR) news were published by: Benzinga.com which released: “Wynnefield Partners Continues To Accumulate Summer Infant Shares” on November 23, 2016, also Prnewswire.com published article titled: “Summer Infant and GOOD+ Foundation Launch the Sharing Is Caring Social Charity ..”, Globenewswire.com published: “Summer Infant Names Seasoned Juvenile Products Leader Mark Messner as ..” on June 29, 2016. More interesting news about Summer Infant, Inc. (NASDAQ:SUMR) was released by: Thestreet.com and their article: “Why Summer Infant (SUMR) Stock Is Jumping Today” with publication date: May 14, 2014.
Summer Infant, Inc. (Summer), incorporated on December 9, 2004, is an infant and juvenile products company. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. The Firm operates across various marketplaces, selling its products to national retailers, as well as independent retailers, and on the Internet through third-party Websites and its own summerinfant.com Website. It also sells through international distributors, representatives and to international retail clients in geographic locations. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products. The Company’s portfolio of brands, under which it markets all of its products, includes Summer Infant, Born Free, SwaddleMe and Kiddopotamus.
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