Wolverine Asset Management LLC Has $696,000 Position in Mirion Technologies, Inc. (NYSE:MIR)

Key Points

• Wolverine Asset Management LLC has sold 114,000 shares of Mirion Technologies, reducing its holdings by 70.4% to 48,000 shares, valued at approximately $696,000.
• Insider Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies for $8.97 million, leading to an 89.08% decrease in his ownership.
• Mirion Technologies has received analysis upgrades, including a revised price target of $22.00 from B. Riley, indicating continued investor interest despite recent fluctuations in stock performance.

Wolverine Asset Management LLC reduced its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 70.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,000 shares of the company's stock after selling 114,000 shares during the period. Wolverine Asset Management LLC's holdings in Mirion Technologies were worth $696,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Swiss National Bank lifted its position in Mirion Technologies by 4.4% during the first quarter. Swiss National Bank now owns 393,200 shares of the company's stock valued at $5,701,000 after purchasing an additional 16,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Mirion Technologies by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,641,075 shares of the company's stock valued at $23,796,000 after purchasing an additional 41,864 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of Mirion Technologies by 17.1% in the 1st quarter. Alberta Investment Management Corp now owns 180,520 shares of the company's stock valued at $2,618,000 after buying an additional 26,360 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Mirion Technologies by 207.1% in the 1st quarter. XTX Topco Ltd now owns 69,269 shares of the company's stock valued at $1,004,000 after buying an additional 46,716 shares in the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in shares of Mirion Technologies in the 1st quarter valued at about $4,892,000. 78.51% of the stock is currently owned by institutional investors.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director directly owned 61,287 shares in the company, valued at approximately $1,099,488.78. The trade was a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

MIR has been the subject of several recent research reports. B. Riley reissued a "buy" rating and set a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Robert W. Baird boosted their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Citigroup upped their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $22.25.

Mirion Technologies Trading Down 6.6%

MIR traded down $1.45 on Thursday, reaching $20.68. 2,689,841 shares of the company's stock were exchanged, compared to its average volume of 3,077,853. The company's 50 day moving average is $20.96 and its 200-day moving average is $17.52. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 689.33 and a beta of 0.83. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.80. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced 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. The firm had revenue of $222.90 million for the quarter, compared to analysts' expectations of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.10 earnings per share. Equities analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

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.