Exchange Traded Concepts LLC Has $251,000 Position in Mirion Technologies, Inc. (NYSE:MIR)

Exchange Traded Concepts LLC increased its stake in Mirion Technologies, Inc. (NYSE:MIR) by 90.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,698 shares of the company’s stock after purchasing an additional 10,781 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Mirion Technologies were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Mirion Technologies in the 2nd quarter worth approximately $39,000. Central Pacific Bank Trust Division bought a new position in Mirion Technologies in the 1st quarter worth approximately $85,000. Algert Global LLC bought a new position in Mirion Technologies in the 2nd quarter worth approximately $189,000. Bayesian Capital Management LP bought a new position in Mirion Technologies in the 1st quarter worth approximately $226,000. Finally, Lazard Asset Management LLC increased its position in Mirion Technologies by 19.8% in the 1st quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock worth $258,000 after buying an additional 3,753 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Loic Eloy sold 22,139 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total transaction of $219,397.49. Following the sale, the insider now directly owns 177,663 shares in the company, valued at approximately $1,760,640.33. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $10.87, for a total value of $81,525.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,783,464.79. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Loic Eloy sold 22,139 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total value of $219,397.49. Following the completion of the sale, the insider now owns 177,663 shares in the company, valued at $1,760,640.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,639 shares of company stock worth $568,947. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock.

Mirion Technologies Stock Performance

MIR opened at $14.41 on Monday. The stock has a market cap of $3.28 billion, a PE ratio of -35.15 and a beta of 0.79. The company has a current ratio of 2.18, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. Mirion Technologies, Inc. has a 1 year low of $6.70 and a 1 year high of $14.80. The stock’s 50 day simple moving average is $11.08 and its 200-day simple moving average is $10.78.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $207.10 million for the quarter, compared to analysts’ expectations of $210.77 million. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. Mirion Technologies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share. Sell-side analysts forecast that Mirion Technologies, Inc. will post 0.31 EPS for the current year.

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.