GAMMA Investing LLC Acquires 21,431 Shares of Premier, Inc. (NASDAQ:PINC)

GAMMA Investing LLC increased its position in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 1,435.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,924 shares of the company's stock after acquiring an additional 21,431 shares during the quarter. GAMMA Investing LLC's holdings in Premier were worth $442,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PINC. SRS Capital Advisors Inc. lifted its position in Premier by 157.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after buying an additional 786 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Premier by 297.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock worth $40,000 after acquiring an additional 1,427 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Premier by 28.0% in the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company's stock worth $43,000 after acquiring an additional 446 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Premier during the fourth quarter worth $52,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Premier during the fourth quarter valued at $82,000. 74.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Premier

In other Premier news, General Counsel David L. Klatsky sold 10,982 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $22.74, for a total value of $249,730.68. Following the sale, the general counsel now owns 76,093 shares of the company's stock, valued at $1,730,354.82. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Bigalke sold 1,137 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $23.03, for a total transaction of $26,185.11. Following the transaction, the director now directly owns 28,673 shares in the company, valued at $660,339.19. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,119 shares of company stock worth $516,976. Company insiders own 0.96% of the company's stock.

Premier Trading Down 0.9%

PINC traded down $0.21 during trading on Friday, hitting $22.06. The stock had a trading volume of 5,068,377 shares, compared to its average volume of 1,275,670. The firm has a market cap of $1.82 billion, a PE ratio of 38.70 and a beta of 0.57. Premier, Inc. has a 12 month low of $17.23 and a 12 month high of $23.56. The company has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $20.72.

Premier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st were paid a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.81%. Premier's payout ratio is presently 147.37%.

Analyst Ratings Changes

Several brokerages have weighed in on PINC. Robert W. Baird upped their target price on Premier from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Piper Sandler increased their price objective on Premier from $19.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. Finally, Canaccord Genuity Group lifted their target price on shares of Premier from $19.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.20.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.