Mackenzie Financial Corp Purchases Shares of 11,608 Everspin Technologies, Inc. (NASDAQ:MRAM)

Mackenzie Financial Corp acquired a new position in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,608 shares of the business services provider’s stock, valued at approximately $70,000. Mackenzie Financial Corp owned about 0.05% of Everspin Technologies at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quadrature Capital Ltd boosted its holdings in shares of Everspin Technologies by 21.1% during the 4th quarter. Quadrature Capital Ltd now owns 37,864 shares of the business services provider’s stock worth $342,000 after buying an additional 6,609 shares during the period. GSA Capital Partners LLP boosted its holdings in Everspin Technologies by 4.1% in the 1st quarter. GSA Capital Partners LLP now owns 70,840 shares of the business services provider’s stock valued at $561,000 after purchasing an additional 2,764 shares during the period. Oppenheimer & Close LLC bought a new stake in Everspin Technologies in the 1st quarter valued at about $491,000. Vanguard Group Inc. boosted its holdings in Everspin Technologies by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 776,934 shares of the business services provider’s stock valued at $6,153,000 after purchasing an additional 22,657 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Everspin Technologies by 19.5% in the 1st quarter. Acadian Asset Management LLC now owns 714,107 shares of the business services provider’s stock valued at $5,652,000 after purchasing an additional 116,591 shares during the period. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MRAM shares. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price objective on shares of Everspin Technologies in a report on Thursday, August 1st. StockNews.com downgraded shares of Everspin Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Insider Transactions at Everspin Technologies

In other news, CEO Sanjeev Aggarwal sold 17,523 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $5.54, for a total transaction of $97,077.42. Following the completion of the sale, the chief executive officer now owns 440,215 shares of the company’s stock, valued at approximately $2,438,791.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 25,347 shares of company stock valued at $139,635. Company insiders own 6.10% of the company’s stock.

Everspin Technologies Trading Up 3.2 %

Shares of Everspin Technologies stock opened at $6.12 on Wednesday. The company has a 50 day moving average of $5.59 and a 200-day moving average of $6.25. Everspin Technologies, Inc. has a 1-year low of $4.89 and a 1-year high of $10.50. The company has a market cap of $131.71 million, a PE ratio of 16.54 and a beta of 0.91.

Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.12). Everspin Technologies had a net margin of 2.92% and a return on equity of 3.16%. The company had revenue of $10.64 million during the quarter.

Everspin Technologies Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.