Roubaix Capital LLC Acquires 242,458 Shares of 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 boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 177.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 379,098 shares of the company's stock after purchasing an additional 242,458 shares during the period. Mirion Technologies accounts for about 2.8% of Roubaix Capital LLC's investment portfolio, making the stock its 8th biggest holding. Roubaix Capital LLC owned 0.16% of Mirion Technologies worth $5,497,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CWM LLC boosted its position in Mirion Technologies by 1,026.3% during the first quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after purchasing an additional 5,860 shares during the last quarter. GAMMA Investing LLC boosted its position in Mirion Technologies by 2,310.3% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after purchasing an additional 6,977 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Mirion Technologies by 162.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after purchasing an additional 4,120 shares during the last quarter. KBC Group NV boosted its position in Mirion Technologies by 31.0% during the first quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after purchasing an additional 2,483 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Mirion Technologies by 14.9% during the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after purchasing an additional 1,820 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. This represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Mirion Technologies Stock Performance

MIR stock traded up $0.5160 during mid-day trading on Friday, hitting $20.7260. 742,925 shares of the company were exchanged, compared to its average volume of 2,515,831. The business has a 50 day simple moving average of $20.97 and a 200-day simple moving average of $17.68. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $4.85 billion, a PE ratio of 691.33 and a beta of 0.83. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $22.80.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The firm had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. During the same period last year, the business posted $0.10 earnings per share. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share 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.