Bovie Medical Co. (BVX) Shares Bought by Archon Capital Management LLC

Archon Capital Management LLC boosted its stake in Bovie Medical Co. (NYSEAMERICAN:BVX) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,266,038 shares of the medical device company’s stock after purchasing an additional 57,500 shares during the period. Bovie Medical comprises approximately 0.7% of Archon Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Archon Capital Management LLC owned approximately 6.89% of Bovie Medical worth $6,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. grew its holdings in Bovie Medical by 104.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 60,757 shares of the medical device company’s stock worth $158,000 after acquiring an additional 30,986 shares during the period. Raymond James & Associates acquired a new stake in Bovie Medical during the 4th quarter worth about $307,000. James Hambro & Partners acquired a new stake in Bovie Medical during the 4th quarter worth about $416,000. White Pine Capital LLC acquired a new stake in Bovie Medical during the 4th quarter worth about $659,000. Finally, Cowen Prime Services LLC grew its holdings in Bovie Medical by 6.9% during the 1st quarter. Cowen Prime Services LLC now owns 315,457 shares of the medical device company’s stock worth $937,000 after acquiring an additional 20,416 shares during the period.

BVX has been the subject of a number of recent analyst reports. TheStreet upgraded Bovie Medical from a “d” rating to a “c-” rating in a report on Monday, May 14th. Zacks Investment Research cut shares of Bovie Medical from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th.

Shares of Bovie Medical traded up $0.10, reaching $3.81, on Thursday, Marketbeat Ratings reports. 66,500 shares of the company were exchanged, compared to its average volume of 84,644. Bovie Medical Co. has a one year low of $2.17 and a one year high of $4.29.

Bovie Medical (NYSEAMERICAN:BVX) last announced its quarterly earnings results on Monday, March 12th. The medical device company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). Bovie Medical had a negative net margin of 13.32% and a negative return on equity of 21.67%. The business had revenue of $11.35 million during the quarter, compared to the consensus estimate of $10.37 million.

About Bovie Medical

Bovie Medical Corporation, a medical device company, develops, manufactures, and markets electrosurgical devices and technologies, and related medical products used in doctor's offices, surgery centers, and hospitals worldwide. The company provides electrosurgical products, including desiccators, generators, electrodes, electrosurgical pencils, and various ancillary disposable products used during surgical procedures in gynecology, urology, plastic surgery, dermatology, veterinary, and other surgical markets for the cutting and coagulation of tissue.

Institutional Ownership by Quarter for Bovie Medical (NYSEAMERICAN:BVX)

Receive News & Ratings for Bovie Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bovie Medical and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust.  In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours.  According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days.   Amazon’s audit  In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved.  Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books.   Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.
Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

Leave a Reply