Alpine Group USVI LLC Trims Holdings in Neptune Wellness Solutions Inc (NASDAQ:NEPT)

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Alpine Group USVI LLC trimmed its position in Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB) by 42.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,500 shares of the biotechnology company’s stock after selling 40,493 shares during the quarter. Alpine Group USVI LLC owned about 0.06% of Neptune Wellness Solutions worth $194,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NEPT. Signition LP purchased a new position in shares of Neptune Wellness Solutions in the second quarter worth about $87,000. CIBC World Markets Inc. purchased a new position in shares of Neptune Wellness Solutions in the first quarter worth about $63,000. Morgan Stanley raised its stake in shares of Neptune Wellness Solutions by 9.1% in the second quarter. Morgan Stanley now owns 208,980 shares of the biotechnology company’s stock worth $909,000 after purchasing an additional 17,361 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Neptune Wellness Solutions by 265.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,929 shares of the biotechnology company’s stock worth $43,000 after purchasing an additional 7,214 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Neptune Wellness Solutions by 45.9% in the second quarter. Jane Street Group LLC now owns 22,598 shares of the biotechnology company’s stock worth $98,000 after purchasing an additional 7,106 shares during the last quarter. Hedge funds and other institutional investors own 11.85% of the company’s stock.

NEPT stock traded down $0.02 during trading on Friday, hitting $3.35. 12,852 shares of the company traded hands, compared to its average volume of 826,360. The stock’s 50-day simple moving average is $3.98 and its 200 day simple moving average is $4.27. The company has a market cap of $312.48 million, a PE ratio of -24.18 and a beta of 1.84. Neptune Wellness Solutions Inc has a 1 year low of $2.42 and a 1 year high of $6.57.

Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last announced its quarterly earnings results on Wednesday, August 14th. The biotechnology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $3.26 million for the quarter, compared to analysts’ expectations of $4.51 million. Neptune Wellness Solutions had a negative net margin of 107.62% and a negative return on equity of 23.18%. Research analysts predict that Neptune Wellness Solutions Inc will post 0.01 earnings per share for the current year.

NEPT has been the subject of several research analyst reports. ValuEngine upgraded Neptune Wellness Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. BidaskClub cut Neptune Wellness Solutions from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. Echelon Wealth Partners reiterated a “buy” rating on shares of Neptune Wellness Solutions in a research report on Wednesday, July 24th. Finally, Zacks Investment Research cut Neptune Wellness Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th.

Neptune Wellness Solutions Company Profile

Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.

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Institutional Ownership by Quarter for Neptune Wellness Solutions (NASDAQ:NEPT)

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