Roubaix Capital LLC Has $5.50 Million Stock Holdings in Mirion Technologies, Inc. $MIR

Key Points

• Roubaix Capital LLC significantly increased its stake in Mirion Technologies by 177.4% during the first quarter, now owning 379,098 shares, which represents 2.8% of its portfolio.
• Insider Selling: Director Lawrence D. Kingsley sold 500,000 shares for $8.97 million, a 89.08% decrease in his position, while CEO Thomas D. Logan sold 325,000 shares valued at $6.93 million.
• Analysts' Ratings: The stock currently has a consensus rating of "Buy" with an average target price of $22.25, with several firms raising their price targets on Mirion Technologies shares.

Roubaix Capital LLC raised its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 177.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 379,098 shares of the company's stock after acquiring an additional 242,458 shares during the quarter. Mirion Technologies makes up 2.8% of Roubaix Capital LLC's investment portfolio, making the stock its 8th largest position. Roubaix Capital LLC owned 0.16% of Mirion Technologies worth $5,497,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC bought a new stake in shares of Mirion Technologies during the 4th quarter valued at about $211,000. Wells Fargo & Company MN boosted its stake in shares of Mirion Technologies by 30.6% during the 4th quarter. Wells Fargo & Company MN now owns 294,798 shares of the company's stock valued at $5,144,000 after purchasing an additional 69,030 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Mirion Technologies by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock valued at $338,000 after purchasing an additional 865 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Mirion Technologies by 85.7% during the 4th quarter. Invesco Ltd. now owns 490,814 shares of the company's stock valued at $8,565,000 after purchasing an additional 226,566 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Mirion Technologies by 5.1% during the 4th quarter. Legal & General Group Plc now owns 219,698 shares of the company's stock valued at $3,834,000 after purchasing an additional 10,673 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the sale, the chief executive officer directly owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.

Mirion Technologies Stock Performance

Shares of MIR traded up $0.4450 during mid-day trading on Wednesday, hitting $20.2350. 2,021,890 shares of the company traded hands, compared to its average volume of 2,532,008. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. The stock has a 50-day moving average price of $20.97 and a two-hundred day moving average price of $17.63. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $22.80. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 674.50 and a beta of 0.83.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results 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 analysts' expectations of $216.78 million. During the same period in the prior year, the company earned $0.10 earnings per share. The firm's revenue was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MIR. Robert W. Baird boosted their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. B. Riley reissued a "buy" rating and set a $22.00 price objective (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Citigroup upped their target price on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $22.25.

About Mirion Technologies

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.