Pinnacle Wealth Management LLC Invests $2.28 Million in Semler Scientific, Inc. (NASDAQ:SMLR)

Pinnacle Wealth Management LLC bought a new position in shares of Semler Scientific, Inc. (NASDAQ:SMLR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 42,210 shares of the company's stock, valued at approximately $2,279,000. Semler Scientific comprises approximately 2.5% of Pinnacle Wealth Management LLC's investment portfolio, making the stock its 16th biggest position. Pinnacle Wealth Management LLC owned approximately 0.46% of Semler Scientific at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital International Investors purchased a new stake in Semler Scientific during the fourth quarter worth about $30,813,000. Susquehanna Advisors Group Inc. acquired a new position in Semler Scientific in the fourth quarter valued at approximately $26,928,000. Driehaus Capital Management LLC acquired a new position in Semler Scientific in the fourth quarter valued at approximately $10,122,000. Shariaportfolio Inc. boosted its holdings in Semler Scientific by 4.5% in the fourth quarter. Shariaportfolio Inc. now owns 160,453 shares of the company's stock valued at $8,664,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Semler Scientific by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 140,423 shares of the company's stock worth $7,584,000 after purchasing an additional 4,464 shares during the last quarter. Institutional investors and hedge funds own 49.37% of the company's stock.

Analyst Ratings Changes

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

Semler Scientific Stock Down 2.8%

SMLR stock traded down $1.24 during trading on Wednesday, hitting $42.16. 425,305 shares of the company's stock traded hands, compared to its average volume of 495,176. The stock has a fifty day moving average price of $36.17 and a two-hundred day moving average price of $47.22. The stock has a market capitalization of $470.11 million, a price-to-earnings ratio of 8.59 and a beta of 1.33. Semler Scientific, Inc. has a 52 week low of $21.77 and a 52 week high of $81.56.

Semler Scientific (NASDAQ:SMLR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.76) earnings per share for the quarter. The business had revenue of $8.84 million during the quarter. Semler Scientific had a net margin of 72.65% and a return on equity of 50.77%.

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.