Stonepine Capital Management buys $7,742,551 stake in Sagent Pharmaceuticals Inc (SGNT)

Sagent Pharmaceuticals Inc (SGNT) : Stonepine Capital Management scooped up 23,242 additional shares in Sagent Pharmaceuticals Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 356,307 shares of Sagent Pharmaceuticals Inc which is valued at $7,742,551.Sagent Pharmaceuticals Inc makes up approximately 8.27% of Stonepine Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SGNT in the latest quarter, The investment management firm added 6,913 additional shares and now holds a total of 1,932,683 shares of Sagent Pharmaceuticals Inc which is valued at $41,997,202. Tci Wealth Advisors sold out all of its stake in SGNT during the most recent quarter. The investment firm sold 79 shares of SGNT which is valued $1,716.Swiss National Bank boosted its stake in SGNT in the latest quarter, The investment management firm added 5,700 additional shares and now holds a total of 39,300 shares of Sagent Pharmaceuticals Inc which is valued at $853,203.California State Teachers Retirement System boosted its stake in SGNT in the latest quarter, The investment management firm added 6,597 additional shares and now holds a total of 53,912 shares of Sagent Pharmaceuticals Inc which is valued at $1,170,430.Simplex Trading reduced its stake in SGNT by selling 922 shares or 61.02% in the most recent quarter. The Hedge Fund company now holds 589 shares of SGNT which is valued at $12,775.

Sagent Pharmaceuticals Inc opened for trading at $21.72 and hit $21.75 on the upside on Friday, eventually ending the session at $21.75, with a gain of 0.09% or 0.02 points. The heightened volatility saw the trading volume jump to 2,71,375 shares. Company has a market cap of $716 M.

On the company’s financial health, Sagent Pharmaceuticals Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.00. The company had revenue of $67.80 million for the quarter, compared to analysts expectations of $74.22 million. The company’s revenue was down -17.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Sagent Pharmaceuticals Inc. Sagent Pharmaceuticals Inc was Downgraded by Piper Jaffray to ” Neutral” on Jul 11, 2016. Sagent Pharmaceuticals Inc was Downgraded by Raymond James to ” Mkt Perform” on Jul 11, 2016.

Sagent Pharmaceuticals Inc. (Sagent) formerly Sagent Holding Co. is an injectable pharmaceutical company that develops and sources products that the Company sells primarily in the United States. Sagent focuses primarily on generic injectable pharmaceuticals. Sagent offers its customers a range of products across anti-infective oncolytic and critical care indications in a variety of presentations including single- and multi-dose vials pre-filled ready-to-use syringes medical devices and premix bags. As of October 31 2010 Sagent marketed 21 products. The Company has a 50/50 joint venture known as Sagent Strides LLC (Sagent Strides) with a subsidiary of Strides Arcolab Limited (Strides) which is an Indian manufacturer of finished pharmaceutical products.

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