[USA] Cyanotech Corp’s company insider, Meridian Ohc Partners – Lp purchased a total of 13,816 shares of the firm, based on a market stock price of $4.7 for each share. It seems this insider is very active lately as in the last month, Meridian Ohc Partners – Lp quietly purchased additional shares of the company, worth $ USD. That large investment is sure to get stock market traders talking for the company. Meridian Ohc Partners – Lp now has 658,926 shares of the Company. This specific transaction was completed on March 4, 2016 and is free at your disposal for review on the U.S. Security & Exchange Commission’s website.
The institutional sentiment decreased to 1 in Q3 2015. Its down 0.50, from 1.5 in 2015Q2. The ratio dived, as 3 funds sold all CYANOTECH CORP shares owned while 1 reduced positions. 0 funds bought stakes while 4 increased positions. They now own 5.54 million shares or 393.11% more from 1.12 million shares in 2015Q2.
Coastline Trust Co holds 0.11% of its portfolio in CYANOTECH CORP for 82,400 shares. Vanguard Group Inc owns 4.44 million shares or 0.01% of their US portfolio. Moreover, Blackrock Institutional Trust Company N.A. has 0% invested in the company for 10,562 shares. The New Jersey-based Blackrock Investment Management Llc has invested 0% in the stock. California Public Employees Retirement System, a California-based fund reported 19,300 shares.
The stock increased 3.37% or $0.15 on March 4, hitting $4.6. About 13,646 shares traded hands or 29.78% up from the average. CYANOTECH CORP (NASDAQ:CYAN) has declined 43.42% since July 30, 2015 and is downtrending. It has underperformed by 38.27% the S&P500.
Cyanotech Corporation is engaged in the production of high value natural products derived from microalgae. The company has a market cap of $26.62 million. The Company’s products include Hawaiian Spirulina Pacifica and Hawaiian BioAstin. It has 262.86 P/E ratio. Hawaiian Spirulina Pacifica is a nutrient-rich dietary supplement used for extra energy, a strengthened immune system, cardiovascular benefits and as a source of antioxidant carotenoids.
According to Zacks Investment Research, “CYANOTECH CORP. develops and commercializes natural products from microalgae. Co. is currently producing microalgae products for the nutritional supplement and immunological diagnostics markets and is also developing microalgae-based products for the aquaculture feed/pigments, biopesticide and food coloring markets. Microalgae are a diverse group of over 30,000 species of microscopic plants which have a wide range of physiological and biochemical characteristics and naturally contain high levels of nutrients.”
Analysts await CYANOTECH CORP (NASDAQ:CYAN) to reports earnings on July, 20.
View original article at: Meridian Ohc Partners – Lp just Paid for 13,816 shares of Cyanotech Corp