Venator Capital Management Ltd. purchased a new stake in shares of Invuity, Inc. (NASDAQ:IVTY) during the third quarter, according to its most recent filing with the SEC. The institutional investor purchased 275,521 shares of the company’s stock, valued at approximately $3,780,000. Invuity makes up approximately 2.5% of Venator Capital Management Ltd.’s portfolio, making the stock its 12th largest position. Venator Capital Management Ltd. owned about 2.05% of Invuity at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in IVTY. Vanguard Group Inc. boosted its stake in Invuity by 4.7% in the second quarter. Vanguard Group Inc. now owns 115,244 shares of the company’s stock valued at $1,098,000 after buying an additional 5,141 shares during the period. RTW Investments LLC boosted its stake in Invuity by 6.2% in the second quarter. RTW Investments LLC now owns 226,042 shares of the company’s stock valued at $2,154,000 after buying an additional 13,234 shares during the period. Paloma Partners Management Co purchased a new stake in Invuity during the second quarter valued at $179,000. Spark Investment Management LLC purchased a new stake in Invuity during the third quarter valued at $323,000. Finally, Northern Trust Corp purchased a new stake in Invuity during the third quarter valued at $567,000. 64.96% of the stock is owned by hedge funds and other institutional investors.
Invuity, Inc. (NASDAQ:IVTY) remained flat at $6.50 during midday trading on Wednesday. The company’s stock had a trading volume of 7,354 shares. The firm’s market cap is $110.05 million. Invuity, Inc. has a 52 week low of $4.50 and a 52 week high of $14.25. The stock has a 50-day moving average price of $6.31 and a 200-day moving average price of $9.86.
Separately, Zacks Investment Research cut shares of Invuity from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.00.
In other Invuity news, insider James E. Flynn sold 184,796 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $6.22, for a total value of $1,149,431.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.84% of the stock is currently owned by company insiders.
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