76,204 Shares in Vanda Pharmaceuticals Inc. (VNDA) Acquired by Algert Global LLC

Algert Global LLC acquired a new position in shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 76,204 shares of the biopharmaceutical company’s stock, valued at approximately $1,991,000. Algert Global LLC owned about 0.15% of Vanda Pharmaceuticals as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. United Services Automobile Association purchased a new stake in Vanda Pharmaceuticals during the 3rd quarter worth approximately $211,000. Crossmark Global Holdings Inc. bought a new stake in shares of Vanda Pharmaceuticals in the 4th quarter valued at approximately $224,000. Meeder Asset Management Inc. increased its holdings in shares of Vanda Pharmaceuticals by 164.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,417 shares of the biopharmaceutical company’s stock valued at $261,000 after acquiring an additional 7,102 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Vanda Pharmaceuticals in the 4th quarter valued at approximately $266,000. Finally, Piedmont Investment Advisors Inc. increased its holdings in shares of Vanda Pharmaceuticals by 1,255.3% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 12,089 shares of the biopharmaceutical company’s stock valued at $277,000 after acquiring an additional 11,197 shares during the last quarter. Institutional investors own 99.37% of the company’s stock.

In related news, SVP Gian Piero Reverberi sold 1,130 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $26.59, for a total transaction of $30,046.70. Following the completion of the transaction, the senior vice president now owns 136,569 shares in the company, valued at approximately $3,631,369.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Patrick Kelly sold 6,061 shares of the business’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $26.37, for a total value of $159,828.57. Following the transaction, the chief financial officer now owns 196,221 shares of the company’s stock, valued at approximately $5,174,347.77. The disclosure for this sale can be found here. Insiders have sold a total of 22,427 shares of company stock valued at $591,496 in the last 90 days. Insiders own 7.80% of the company’s stock.

VNDA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Vanda Pharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Saturday, November 17th. Citigroup boosted their price target on Vanda Pharmaceuticals from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Jefferies Financial Group initiated coverage on Vanda Pharmaceuticals in a report on Thursday, November 8th. They issued a “buy” rating and a $26.00 price target for the company. Oppenheimer set a $29.00 price target on Vanda Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, UBS Group downgraded Vanda Pharmaceuticals from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 11th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.38.

NASDAQ:VNDA opened at $25.06 on Wednesday. Vanda Pharmaceuticals Inc. has a 12-month low of $13.88 and a 12-month high of $33.44. The company has a market cap of $1.33 billion, a P/E ratio of -71.60, a P/E/G ratio of 0.77 and a beta of 0.70.

Vanda Pharmaceuticals (NASDAQ:VNDA) last released its quarterly earnings data on Wednesday, November 7th. The biopharmaceutical company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.18. Vanda Pharmaceuticals had a return on equity of 5.88% and a net margin of 7.06%. The business had revenue of $49.13 million during the quarter, compared to analyst estimates of $49.44 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts forecast that Vanda Pharmaceuticals Inc. will post 0.21 earnings per share for the current fiscal year.

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Vanda Pharmaceuticals Profile

Vanda Pharmaceuticals Inc, a biopharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system disorders. The company's marketed products include HETLIOZ (tasimelteon), a product for the treatment of non-24-hour sleep-wake disorders; and Fanapt (iloperidone), a product for the treatment of schizophrenia.

Read More: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Vanda Pharmaceuticals (NASDAQ:VNDA)

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