Portolan Capital Management LLC Makes New Investment in Mirion Technologies, Inc. (NYSE:MIR)

Portolan Capital Management LLC purchased a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 236,975 shares of the company’s stock, valued at approximately $2,623,000.

A number of other hedge funds also recently bought and sold shares of the company. Hollow Brook Wealth Management LLC lifted its stake in shares of Mirion Technologies by 4.6% in the third quarter. Hollow Brook Wealth Management LLC now owns 217,178 shares of the company’s stock valued at $2,404,000 after buying an additional 9,572 shares during the period. Chescapmanager LLC lifted its stake in shares of Mirion Technologies by 0.7% in the third quarter. Chescapmanager LLC now owns 1,041,401 shares of the company’s stock valued at $11,528,000 after buying an additional 7,595 shares during the period. Cinctive Capital Management LP bought a new stake in shares of Mirion Technologies in the third quarter valued at about $944,000. Concentric Capital Strategies LP bought a new stake in shares of Mirion Technologies in the third quarter valued at about $1,234,000. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Mirion Technologies by 8.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock valued at $33,211,000 after buying an additional 241,334 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Trading Up 0.8 %

Shares of NYSE MIR opened at $17.08 on Thursday. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of -50.22 and a beta of 0.76. Mirion Technologies, Inc. has a twelve month low of $9.01 and a twelve month high of $17.35. The company’s fifty day moving average is $14.41 and its 200-day moving average is $11.88. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The business had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

MIR has been the subject of a number of analyst reports. Citigroup raised their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday. B. Riley initiated coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Emmanuelle Lee sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the sale, the insider now directly owns 138,193 shares of the company’s stock, valued at $1,464,845.80. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,405 shares of company stock worth $285,939 in the last ninety days. Insiders own 2.20% of the company’s stock.

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.