Tributary Capital Management LLC Has $32.82 Million Stake in Integer Holdings Corporation (NYSE:ITGR)

Tributary Capital Management LLC lowered its position in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 278,115 shares of the medical equipment provider's stock after selling 9,410 shares during the quarter. Integer comprises 2.9% of Tributary Capital Management LLC's investment portfolio, making the stock its biggest holding. Tributary Capital Management LLC owned about 0.80% of Integer worth $32,820,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new position in shares of Integer during the fourth quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Integer during the first quarter valued at about $28,000. AdvisorNet Financial Inc acquired a new position in shares of Integer during the first quarter valued at about $28,000. Bessemer Group Inc. raised its holdings in shares of Integer by 73.1% during the first quarter. Bessemer Group Inc. now owns 296 shares of the medical equipment provider's stock valued at $35,000 after purchasing an additional 125 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in shares of Integer by 472.9% during the fourth quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider's stock valued at $45,000 after purchasing an additional 279 shares during the period. Institutional investors own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

ITGR has been the topic of a number of analyst reports. Raymond James Financial upped their target price on shares of Integer from $145.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. KeyCorp lowered their target price on shares of Integer from $154.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Benchmark lowered their target price on shares of Integer from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Citigroup upgraded shares of Integer from a "hold" rating to a "strong-buy" rating and upped their target price for the stock from $133.00 to $140.00 in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Integer from a "sell" rating to a "hold" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Integer currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.25.

Insider Buying and Selling

In related news, Director Martin C. Maxwell sold 8,720 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $120.56, for a total value of $1,051,283.20. Following the completion of the transaction, the director directly owned 22,170 shares of the company's stock, valued at approximately $2,672,815.20. This trade represents a 28.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph W. Dziedzic sold 338,975 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $123.17, for a total transaction of $41,751,550.75. Following the completion of the transaction, the chief executive officer directly owned 47,000 shares of the company's stock, valued at approximately $5,788,990. This trade represents a 87.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 362,434 shares of company stock valued at $44,577,115. Company insiders own 2.16% of the company's stock.

Integer Stock Performance

Shares of Integer stock traded down $2.13 on Friday, reaching $112.51. 463,003 shares of the company traded hands, compared to its average volume of 390,128. Integer Holdings Corporation has a 52 week low of $104.93 and a 52 week high of $146.36. The company has a 50 day moving average of $119.76 and a 200 day moving average of $124.59. The firm has a market capitalization of $3.93 billion, a PE ratio of 53.32, a PEG ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.40 and a quick ratio of 2.14.

Integer (NYSE:ITGR - Get Free Report) last released its earnings results on Thursday, April 24th. The medical equipment provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Integer had a net margin of 4.38% and a return on equity of 11.95%. The firm had revenue of $437.39 million during the quarter, compared to the consensus estimate of $428.51 million. During the same period in the prior year, the firm earned $1.14 EPS. The company's revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Integer Holdings Corporation will post 6.01 earnings per share for the current year.

About Integer

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.