Elo Mutual Pension Insurance Co Takes Position in Premier, Inc. (NASDAQ:PINC)

Elo Mutual Pension Insurance Co acquired a new position in shares of Premier, Inc. (NASDAQ:PINC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,857 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group increased its position in shares of Premier by 61,750.0% during the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock valued at $26,000 after acquiring an additional 1,235 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Premier by 157.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after purchasing an additional 786 shares during the last quarter. Keystone Financial Group Inc. purchased a new stake in Premier in the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB acquired a new position in Premier during the third quarter worth $39,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock worth $40,000 after buying an additional 1,427 shares during the period. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Premier

In related news, Director Helen M. Boudreau sold 2,500 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $21.42, for a total transaction of $53,550.00. Following the completion of the transaction, the director now owns 20,668 shares in the company, valued at approximately $442,708.56. The trade was a 10.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Premier Stock Performance

Shares of Premier stock opened at $19.14 on Monday. The business has a 50-day simple moving average of $19.33 and a 200-day simple moving average of $20.48. Premier, Inc. has a one year low of $17.23 and a one year high of $23.56. The company has a market cap of $1.75 billion, a PE ratio of -191.38 and a beta of 0.39.

Premier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.39%. The ex-dividend date was Friday, February 28th. Premier’s dividend payout ratio (DPR) is presently -840.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Canaccord Genuity Group decreased their target price on Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird reduced their price target on shares of Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler lowered their price objective on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.17.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.