Dark Forest Capital Management LP Invests $460,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

Dark Forest Capital Management LP purchased a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,956 shares of the technology company's stock, valued at approximately $460,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC grew its stake in shares of Mercury Systems by 55.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock valued at $87,058,000 after purchasing an additional 743,552 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Mercury Systems during the fourth quarter worth $16,601,000. First Trust Advisors LP lifted its holdings in shares of Mercury Systems by 50.8% during the fourth quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock worth $41,535,000 after purchasing an additional 333,109 shares during the period. Victory Capital Management Inc. grew its position in Mercury Systems by 16.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock valued at $86,526,000 after buying an additional 294,747 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its stake in Mercury Systems by 146.9% in the 4th quarter. Kennedy Capital Management LLC now owns 466,177 shares of the technology company's stock valued at $19,579,000 after buying an additional 277,355 shares during the period. Institutional investors and hedge funds own 95.99% of the company's stock.

Insider Activity at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the sale, the chief operating officer now directly owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the transaction, the chief accounting officer now directly owns 14,572 shares of the company's stock, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,314 shares of company stock valued at $234,454. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MRCY. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and upped their price objective for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and raised their target price for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group upped their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $43.86.

Mercury Systems Price Performance

MRCY stock traded up $0.82 on Friday, reaching $50.85. The company had a trading volume of 113,961 shares, compared to its average volume of 579,345. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The company's fifty day moving average is $45.52 and its 200 day moving average is $42.23. The company has a market cap of $3.03 billion, a P/E ratio of -32.72 and a beta of 0.69. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. On average, research analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Mercury Systems Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.