OrthoPediatrics (NASDAQ:KIDS) Major Shareholder Sells 302,369 Shares

Key Points

• Squadron Capital sold 302,369 OrthoPediatrics shares at an average price of $21.01, generating approximately $6.35 million. The sale reduced its ownership by 4.65%, though it still directly holds 6.2 million shares valued at about $130.3 million.
• OrthoPediatrics shares opened at $21.56 and were down 0.6%, with a market capitalization of roughly $562.9 million. The company recently beat quarterly revenue and adjusted EPS expectations, reporting $70.51 million in revenue and a $0.26 per-share loss.
• Analyst sentiment remains broadly positive: nine analysts rate the stock Buy, one rates it Hold and one rates it Sell. The average price target is $26.44, while institutional investors own approximately 69.05% of the company.

OrthoPediatrics Corp. (NASDAQ:KIDS - Get Free Report) major shareholder Squadron Capital Llc sold 302,369 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $21.01, for a total transaction of $6,352,772.69. Following the completion of the transaction, the insider directly owned 6,201,764 shares in the company, valued at $130,299,061.64. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Squadron Capital Llc also recently made the following trade(s):

• On Wednesday, September 2nd, Squadron Capital Llc sold 22,500 shares of OrthoPediatrics stock. The shares were sold at an average price of $23.35, for a total transaction of $525,375.00.
• On Friday, August 28th, Squadron Capital Llc sold 326,700 shares of OrthoPediatrics stock. The shares were sold at an average price of $23.04, for a total value of $7,527,168.00.
• On Tuesday, September 1st, Squadron Capital Llc sold 10,131 shares of OrthoPediatrics stock. The stock was sold at an average price of $23.10, for a total value of $234,026.10.
• On Wednesday, August 26th, Squadron Capital Llc sold 18,000 shares of OrthoPediatrics stock. The shares were sold at an average price of $24.28, for a total transaction of $437,040.00.
• On Tuesday, August 25th, Squadron Capital Llc sold 16,300 shares of OrthoPediatrics stock. The stock was sold at an average price of $24.74, for a total value of $403,262.00.
• On Monday, August 24th, Squadron Capital Llc sold 4,000 shares of OrthoPediatrics stock. The stock was sold at an average price of $25.75, for a total value of $103,000.00.

OrthoPediatrics Trading Down 0.6%

Shares of OrthoPediatrics stock opened at $21.56 on Friday. The company's 50-day moving average price is $21.97 and its 200-day moving average price is $19.02. The company has a market cap of $562.93 million, a price-to-earnings ratio of -12.83 and a beta of 0.99. OrthoPediatrics Corp. has a 12-month low of $14.42 and a 12-month high of $26.74. The company has a current ratio of 4.78, a quick ratio of 2.17 and a debt-to-equity ratio of 0.28.

OrthoPediatrics (NASDAQ:KIDS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.04. OrthoPediatrics had a negative net margin of 15.72% and a negative return on equity of 8.10%. The firm had revenue of $70.51 million during the quarter, compared to analyst estimates of $68.21 million. On average, equities analysts expect that OrthoPediatrics Corp. will post -1.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in OrthoPediatrics by 433.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,402 shares of the company's stock valued at $26,000 after acquiring an additional 1,139 shares during the period. Legal & General Group Plc bought a new stake in OrthoPediatrics in the second quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of OrthoPediatrics by 5,226.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,610 shares of the company's stock valued at $46,000 after purchasing an additional 2,561 shares during the period. Caption Management LLC bought a new position in shares of OrthoPediatrics in the third quarter worth approximately $54,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of OrthoPediatrics by 60.2% in the third quarter. BNP Paribas Financial Markets now owns 3,288 shares of the company's stock worth $61,000 after purchasing an additional 1,235 shares during the last quarter. Hedge funds and other institutional investors own 69.05% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KIDS shares. Needham & Company LLC boosted their price objective on OrthoPediatrics from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of OrthoPediatrics from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 5th. BTIG Research boosted their price target on shares of OrthoPediatrics from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Piper Sandler restated an "overweight" rating and set a $25.00 price objective (up from $22.00) on shares of OrthoPediatrics in a research report on Wednesday, August 5th. Finally, Truist Financial set a $22.00 target price on shares of OrthoPediatrics in a research report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.44.

About OrthoPediatrics

OrthoPediatrics Corp., founded in 2007 and headquartered in Warsaw, Indiana, is a medical device company dedicated exclusively to providing orthopedic solutions for children. The company focuses on developing, manufacturing and marketing a broad portfolio of implants and instruments designed to address a wide range of pediatric conditions, including trauma, deformity correction, spine disorders and sports injuries.

The company's product lines include locking plates and screws for upper and lower extremity reconstruction, intramedullary nails for femur and tibia stabilization, and specialized systems such as the MAGEC Magnetic Growth Rod for treatment of early-onset scoliosis.

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