437,872 Shares in Solesence, Inc. $SLSN Bought by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC purchased a new position in shares of Solesence, Inc. (NASDAQ:SLSN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 437,872 shares of the company's stock, valued at approximately $1,909,000. Hunter Perkins Capital Management LLC owned approximately 0.62% of Solesence at the end of the most recent quarter.

Solesence Trading Down 7.6%

Solesence stock opened at $4.03 on Monday. The firm has a market capitalization of $284.03 million, a P/E ratio of 57.57 and a beta of 0.94. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.58. Solesence, Inc. has a 12 month low of $1.26 and a 12 month high of $16.56. The company has a 50 day moving average price of $3.46.

Solesence (NASDAQ:SLSN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter. Solesence had a return on equity of 32.99% and a net margin of 8.13%.The business had revenue of $20.36 million during the quarter.

Analysts Set New Price Targets

SLSN has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Solesence in a report on Saturday, September 27th. Wall Street Zen upgraded Solesence from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

About Solesence

Nanophase Technologies Corporation provides engineered materials, formulation development, and commercial manufacturing with an integrated family of technologies in the United States. It offers surface engineered zinc oxide and titanium dioxide for sunscreens and personal care products; fully formulated cosmetics, sun care, and skin care under the Solésence brand name; and advanced materials products, such as architectural coatings, industrial coatings, abrasion-resistant additives, plastics additives, medical diagnostics, and various surface finishing technologies applications.

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