The Manufacturers Life Insurance Company Purchases 45,133 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

The Manufacturers Life Insurance Company lifted its position in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 126.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,843 shares of the company’s stock after buying an additional 45,133 shares during the period. The Manufacturers Life Insurance Company’s holdings in Olaplex were worth $124,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Catalina Capital Group LLC purchased a new position in Olaplex in the first quarter worth $31,000. Vanguard Personalized Indexing Management LLC grew its stake in Olaplex by 38.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock worth $40,000 after buying an additional 7,235 shares during the last quarter. SG Americas Securities LLC purchased a new position in Olaplex during the 2nd quarter worth $43,000. Frank Rimerman Advisors LLC acquired a new position in Olaplex during the 2nd quarter valued at about $48,000. Finally, Walleye Trading LLC purchased a new stake in Olaplex in the first quarter valued at about $53,000. Institutional investors own 87.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research note on Tuesday, August 6th. TD Cowen boosted their target price on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Olaplex has an average rating of “Hold” and an average price target of $2.22.

Olaplex Stock Down 0.5 %

Shares of OLPX stock opened at $2.08 on Monday. Olaplex Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.98. The firm has a market capitalization of $1.38 billion, a PE ratio of 29.71 and a beta of 2.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 7.85 and a current ratio of 9.27. The stock’s 50-day simple moving average is $2.22 and its 200-day simple moving average is $1.85.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The company had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.65 million. During the same quarter in the prior year, the company earned $0.03 EPS. Olaplex’s quarterly revenue was down 4.9% on a year-over-year basis. Equities analysts expect that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In other Olaplex news, Director John P. Bilbrey purchased 183,493 shares of the stock in a transaction on Monday, August 19th. The shares were bought at an average cost of $2.05 per share, with a total value of $376,160.65. Following the completion of the acquisition, the director now owns 241,593 shares in the company, valued at $495,265.65. This trade represents a 300.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Olaplex Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.