Corsair Capital Management L.P. Purchases 1,441,846 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Corsair Capital Management L.P. lifted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 83.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,160,850 shares of the company’s stock after acquiring an additional 1,441,846 shares during the quarter. Mirion Technologies accounts for 8.2% of Corsair Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Corsair Capital Management L.P. owned 1.36% of Mirion Technologies worth $34,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Mirion Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock valued at $242,272,000 after buying an additional 159,404 shares in the last quarter. Millennium Management LLC raised its holdings in Mirion Technologies by 509.8% during the second quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after buying an additional 446,034 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Mirion Technologies during the second quarter valued at about $1,890,000. Telemark Asset Management LLC bought a new position in Mirion Technologies during the third quarter valued at about $4,428,000. Finally, Rice Hall James & Associates LLC bought a new position in Mirion Technologies during the second quarter valued at about $2,377,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MIR has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. B. Riley assumed coverage on Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Citigroup lifted their price objective on Mirion Technologies from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Mirion Technologies Price Performance

Shares of MIR opened at $16.62 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. Mirion Technologies, Inc. has a one year low of $8.73 and a one year high of $17.03. The business’s 50 day simple moving average is $13.66 and its 200-day simple moving average is $11.63.

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

Insider Buying and Selling at Mirion Technologies

In related news, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total value of $53,000.00. Following the completion of the transaction, the insider now directly owns 138,193 shares of the company’s stock, valued at approximately $1,464,845.80. This represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at approximately $16,165,857.99. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,405 shares of company stock worth $285,939. 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.