Bosun Asset Management LLC Acquires 12,172 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Bosun Asset Management LLC increased its position in Mirion Technologies by 88.4% during the first quarter, owning 25,934 shares valued at approximately $376,000.
• Mirion Technologies reported $222.90 million in revenue for the quarter, surpassing analysts' expectations, with a year-over-year revenue growth of 7.6%.
• Analysts have set a consensus price target of $23.00 for Mirion Technologies, with several firms reaffirming or adjusting their ratings on the stock positively.

Bosun Asset Management LLC grew its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 88.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,934 shares of the company's stock after buying an additional 12,172 shares during the period. Bosun Asset Management LLC's holdings in Mirion Technologies were worth $376,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. KBC Group NV boosted its position in Mirion Technologies by 31.0% in the 1st quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after buying an additional 2,483 shares during the last quarter. Principal Financial Group Inc. boosted its position in Mirion Technologies by 14.9% in the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after buying an additional 1,820 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Mirion Technologies in the 4th quarter valued at about $480,000. Xponance Inc. boosted its position in Mirion Technologies by 5.7% in the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after buying an additional 851 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Mirion Technologies by 3,556.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company's stock valued at $14,568,000 after buying an additional 977,221 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Robert W. Baird raised their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Citigroup raised their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th. B. Riley restated a "buy" rating and issued a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Finally, Northland Securities initiated coverage on shares of Mirion Technologies in a research report on Monday, August 25th. They issued an "outperform" rating and a $26.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, Mirion Technologies currently has a consensus rating of "Buy" and an average target price of $23.00.

Mirion Technologies Stock Performance

Mirion Technologies stock traded down $0.73 on Wednesday, reaching $21.37. 998,400 shares of the stock were exchanged, compared to its average volume of 2,740,413. The stock has a market cap of $5.00 billion, a PE ratio of 711.33 and a beta of 0.82. The firm has a fifty day moving average price of $21.12 and a two-hundred day moving average price of $18.13. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $23.58.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The business had revenue of $222.90 million during the quarter, compared to analyst estimates of $216.78 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.