1,134 Shares in Anika Therapeutics, Inc. (NASDAQ:ANIK) Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. bought a new position in Anika Therapeutics, Inc. (NASDAQ:ANIK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,134 shares of the biotechnology company’s stock, valued at approximately $46,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. bought a new stake in shares of Anika Therapeutics in the 4th quarter worth approximately $27,000. Vantage Consulting Group Inc acquired a new stake in shares of Anika Therapeutics during the fourth quarter valued at approximately $27,000. Sowell Financial Services LLC raised its holdings in shares of Anika Therapeutics by 164.8% during the first quarter. Sowell Financial Services LLC now owns 1,017 shares of the biotechnology company’s stock valued at $41,000 after acquiring an additional 633 shares during the period. US Bancorp DE raised its holdings in shares of Anika Therapeutics by 567.5% during the first quarter. US Bancorp DE now owns 1,335 shares of the biotechnology company’s stock valued at $54,000 after acquiring an additional 1,135 shares during the period. Finally, Eaton Vance Management acquired a new stake in shares of Anika Therapeutics during the fourth quarter valued at approximately $242,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

In related news, Director Raymond J. Land sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $42.60, for a total transaction of $85,200.00. Following the transaction, the director now directly owns 7,953 shares of the company’s stock, valued at $338,797.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.09% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Anika Therapeutics from a “sell” rating to a “hold” rating in a report on Thursday, May 6th.

ANIK stock opened at $44.76 on Friday. Anika Therapeutics, Inc. has a 52-week low of $31.55 and a 52-week high of $48.37. The company’s 50 day moving average price is $42.54. The firm has a market capitalization of $644.14 million, a price-to-earnings ratio of -23.68, a P/E/G ratio of 24.26 and a beta of 1.21.

Anika Therapeutics (NASDAQ:ANIK) last announced its quarterly earnings data on Wednesday, May 5th. The biotechnology company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.19. Anika Therapeutics had a negative net margin of 20.83% and a negative return on equity of 0.98%. The firm had revenue of $34.29 million for the quarter, compared to the consensus estimate of $32.39 million. As a group, equities research analysts predict that Anika Therapeutics, Inc. will post 0.19 EPS for the current fiscal year.

Anika Therapeutics Company Profile

Anika Therapeutics, Inc, together with its subsidiaries, operates as a joint preservation company that in the United States, Europe, and internationally. The company's joint pain management products include Monovisc and Orthovisc, which are single- and multi-injection, hyaluronic acid (HA)-based viscosupplements to provide pain relief from osteoarthritis (OA) conditions; Cingal, a novel, third-generation, single-injection OA product consisting of its proprietary cross-linked HA material combined with a steroid to provide short- and long-term pain relief; and Hyvisc, an injectable HA veterinary product for the treatment of joint dysfunction in horses.

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Institutional Ownership by Quarter for Anika Therapeutics (NASDAQ:ANIK)

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