HB Wealth Management LLC Has $127,000 Stock Position in Palatin Technologies, Inc. (NYSEAMERICAN:PTN)

HB Wealth Management LLC boosted its stake in shares of Palatin Technologies, Inc. (NYSEAMERICAN:PTN) by 86.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,500 shares of the biopharmaceutical company’s stock after purchasing an additional 51,200 shares during the period. HB Wealth Management LLC owned 0.57% of Palatin Technologies worth $127,000 as of its most recent filing with the SEC.

Separately, XTX Topco Ltd bought a new stake in shares of Palatin Technologies during the 2nd quarter worth about $29,000. 11.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $17.00 price objective on shares of Palatin Technologies in a research report on Thursday, December 19th.

Palatin Technologies Trading Up 0.5 %

NYSEAMERICAN PTN opened at $0.95 on Friday. The firm has a market cap of $18.67 million, a price-to-earnings ratio of -0.48 and a beta of 0.90. Palatin Technologies, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $5.65.

About Palatin Technologies

Palatin Technologies, Inc, a biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatment of various diseases in the United States. The company's lead product is Vyleesi, a melanocortin receptor (MCr) agonist for the treatment of premenopausal women with hypoactive sexual desire disorder.