Virtu Financial LLC Makes New Investment in Everspin Technologies, Inc. (NASDAQ:MRAM)

Virtu Financial LLC acquired a new stake in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,771 shares of the business services provider’s stock, valued at approximately $75,000. Virtu Financial LLC owned about 0.05% of Everspin Technologies at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in Everspin Technologies by 222.9% in the third quarter. BNP Paribas Financial Markets now owns 20,599 shares of the business services provider’s stock valued at $122,000 after buying an additional 14,220 shares during the last quarter. State Street Corp increased its holdings in shares of Everspin Technologies by 1.5% during the third quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock valued at $1,294,000 after acquiring an additional 3,298 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Everspin Technologies in the 3rd quarter valued at approximately $82,000. Barclays PLC boosted its stake in Everspin Technologies by 157.9% in the 3rd quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock worth $310,000 after purchasing an additional 32,240 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Everspin Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock worth $2,437,000 after purchasing an additional 1,941 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Everspin Technologies Stock Up 0.4 %

Shares of NASDAQ:MRAM opened at $5.10 on Tuesday. Everspin Technologies, Inc. has a 52-week low of $4.89 and a 52-week high of $8.17. The stock has a market cap of $112.92 million, a price-to-earnings ratio of 85.00 and a beta of 0.79. The business has a 50-day moving average price of $5.66 and a 200-day moving average price of $5.99.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $12.50 million. Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%.

Insider Buying and Selling at Everspin Technologies

In other Everspin Technologies news, CEO Sanjeev Aggarwal sold 35,142 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $5.37, for a total value of $188,712.54. Following the completion of the transaction, the chief executive officer now directly owns 654,828 shares of the company’s stock, valued at approximately $3,516,426.36. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Everspin Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

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.