Interchange Capital Partners LLC Buys New Position in Semler Scientific Inc. (NASDAQ:SMLR)

Interchange Capital Partners LLC purchased a new position in shares of Semler Scientific Inc. (NASDAQ:SMLR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,284,575 shares of the company's stock, valued at approximately $46,502,000. Semler Scientific makes up approximately 13.0% of Interchange Capital Partners LLC's portfolio, making the stock its largest position. Interchange Capital Partners LLC owned approximately 13.39% of Semler Scientific at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SMLR. Jones Financial Companies Lllp purchased a new stake in Semler Scientific during the 4th quarter worth approximately $34,000. Charles Schwab Investment Management Inc. grew its position in shares of Semler Scientific by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 48,625 shares of the company's stock worth $2,626,000 after buying an additional 4,802 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Semler Scientific in the fourth quarter worth $1,939,000. Larson Financial Group LLC acquired a new stake in Semler Scientific in the fourth quarter valued at $38,000. Finally, Truvestments Capital LLC boosted its stake in Semler Scientific by 30.2% during the 4th quarter. Truvestments Capital LLC now owns 19,082 shares of the company's stock valued at $1,030,000 after acquiring an additional 4,421 shares during the last quarter. Hedge funds and other institutional investors own 49.37% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Semler Scientific from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd.

Semler Scientific Stock Performance

Shares of SMLR opened at $39.70 on Monday. The business's fifty day moving average price is $36.61 and its 200 day moving average price is $42.51. Semler Scientific Inc. has a 12-month low of $21.77 and a 12-month high of $81.56. The stock has a market capitalization of $442.66 million, a PE ratio of -15.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.52 and a quick ratio of 0.51.

Semler Scientific (NASDAQ:SMLR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $8.84 million during the quarter. Semler Scientific had a positive return on equity of 19.75% and a negative net margin of 60.69%.

Semler Scientific Company Profile

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company's products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient's vascular condition.

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