Guggenheim Capital LLC Has $419,000 Stock Holdings in Premier, Inc. (NASDAQ:PINC)

Guggenheim Capital LLC cut its position in Premier, Inc. (NASDAQ:PINC - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,749 shares of the company's stock after selling 16,133 shares during the period. Guggenheim Capital LLC's holdings in Premier were worth $419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PINC. Van ECK Associates Corp raised its stake in Premier by 28.0% during the 4th quarter. Van ECK Associates Corp now owns 2,041 shares of the company's stock worth $43,000 after buying an additional 446 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Premier by 157.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after acquiring an additional 786 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Premier by 61,750.0% during the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock worth $26,000 after purchasing an additional 1,235 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Premier by 40.4% during the 4th quarter. Russell Investments Group Ltd. now owns 4,371 shares of the company's stock valued at $93,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Premier by 297.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock valued at $40,000 after buying an additional 1,427 shares in the last quarter. 74.41% of the stock is owned by institutional investors.

Premier Stock Performance

NASDAQ PINC traded up $0.09 during trading hours on Friday, hitting $20.50. 169,997 shares of the company traded hands, compared to its average volume of 1,378,422. The business's 50-day moving average is $19.00 and its 200-day moving average is $20.45. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -204.88 and a beta of 0.54. Premier, Inc. has a twelve month low of $17.23 and a twelve month high of $23.56.

Premier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, May 30th. Premier's payout ratio is presently -840.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Canaccord Genuity Group cut their price objective on shares of Premier from $21.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. Robert W. Baird reduced their price objective on Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler dropped their target price on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $20.17.

Insider Activity at Premier

In other Premier news, General Counsel David L. Klatsky sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total transaction of $195,300.00. Following the transaction, the general counsel now owns 90,597 shares of the company's stock, valued at $1,769,359.41. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.