November 28, 2016 - By Ruchi Gupta
Wynnefield Partners Small Cap Value Lp – a well-known insider in Summer Infant Inc – took 348,488 shares of Summer Infant Inc, with market value of roughly U.S. Dollars 696,976 which is based on an average stock price per share of U.S. Dollars 2.0. Wynnefield Partners Small Cap Value Lp owns 29.95% of the -company’s market cap or 5.67 million shares. This transaction, which was filled on November 28, 2016 was revealed in a Form 4 with the Security Exchange Commission.
Insitutional Activity: The institutional sentiment increased to 2.17 in 2016 Q2. Its up 1.67, from 0.5 in 2016Q1. The ratio improved, 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.
Walleye Trading Ltd Liability Co holds 0% or 681 shares in its portfolio. Vanguard Inc accumulated 322,210 shares or 0% of the stock. The Illinois-based Northern Trust Corp has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR). Perkins Cap Management reported 37,500 shares or 0.07% of all its holdings. Commercial Bank Of America De has 0% invested in the company for 11 shares. Price T Rowe Md accumulated 24,500 shares or 0% of the stock. Raymond James & Associate last reported 141,331 shares in the company. Geode Capital Management Limited Liability Com, a Massachusetts-based fund reported 73,827 shares. Moreover, Blackrock Fund Advisors has 0% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 6,279 shares. Commonwealth Equity Serv reported 33,782 shares or 0% of all its holdings. Tower Rech Cap Limited Liability (Trc) last reported 0% of its portfolio in the stock. Tocqueville Asset Mngmt Ltd Partnership holds 1.49 million shares or 0.03% of its portfolio. Wynnefield has invested 2.46% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR). State Of New Jersey Common Pension Fund D last reported 548,000 shares in the company. California Pub Employees Retirement Systems has 0% invested in the company for 134,830 shares.
Insider Transactions: Since August 5, 2016, the stock had 16 insider buys, and 1 sale for $2.63 million net activity. Another trade for 19,472 shares valued at $42,838 was made by WYNNEFIELD PARTNERS SMALL CAP VALUE LP on Friday, September 16. On Friday, November 11 the insider Marino Robin L bought $51,201. MOTE WILLIAM E JR also sold $7,355 worth of Summer Infant, Inc. (NASDAQ:SUMR) shares.
The stock increased 2.39% or $0.05 on November 28, hitting $2.14. About 5,041 shares traded hands. Summer Infant, Inc. (NASDAQ:SUMR) has risen 34.84% since April 25, 2016 and is uptrending. It has outperformed by 28.82% the S&P500.
Summer Infant, Inc. is an infant and juvenile products company. The company has a market cap of $39.59 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 EPS, up 133.33% or $0.08 from last year’s $-0.06 per share. SUMR’s profit will be $370,000 for 26.75 P/E if the $0.02 EPS becomes a reality. After $0.02 actual EPS reported by Summer Infant, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More recent Summer Infant, Inc. (NASDAQ:SUMR) news were published by: Globenewswire.com which released: “Summer Infant Names Seasoned Juvenile Products Leader Mark Messner as ..” on June 29, 2016. Also Thestreet.com published the news titled: “Why Summer Infant (SUMR) Stock Is Jumping Today” on May 14, 2014. Prnewswire.com‘s news article titled: “Summer Infant and GOOD+ Foundation Launch the Sharing Is Caring Social Charity ..” with publication date: November 14, 2016 was also an interesting one.
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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By Ruchi Gupta