Milestone Scientific Inc. (NYSE:MLSS) Major Shareholder S.R.L. Bp4 Sells 60,200 Shares

Milestone Scientific Inc. (NYSE:MLSS - Get Free Report) major shareholder S.R.L. Bp4 sold 60,200 shares of Milestone Scientific stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $0.90, for a total value of $54,180.00. Following the completion of the sale, the insider now owns 9,531,402 shares of the company's stock, valued at $8,578,261.80. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

S.R.L. Bp4 also recently made the following trade(s):

• On Thursday, June 5th, S.R.L. Bp4 sold 26,855 shares of Milestone Scientific stock. The shares were sold at an average price of $0.91, for a total value of $24,438.05.
• On Thursday, May 29th, S.R.L. Bp4 sold 3,361 shares of Milestone Scientific stock. The stock was sold at an average price of $0.96, for a total value of $3,226.56.
• On Wednesday, May 28th, S.R.L. Bp4 sold 14,256 shares of Milestone Scientific stock. The stock was sold at an average price of $0.96, for a total transaction of $13,685.76.

Milestone Scientific Stock Down 1.1%

Shares of Milestone Scientific stock traded down $0.01 during midday trading on Friday, hitting $0.88. The company had a trading volume of 60,574 shares, compared to its average volume of 129,701. The company has a fifty day simple moving average of $0.94 and a 200 day simple moving average of $1.00. The stock has a market cap of $69.06 million, a price-to-earnings ratio of -12.57 and a beta of 0.90. Milestone Scientific Inc. has a 12-month low of $0.58 and a 12-month high of $1.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd raised its stake in shares of Milestone Scientific by 99.2% in the first quarter. XTX Topco Ltd now owns 34,135 shares of the company's stock worth $32,000 after purchasing an additional 17,002 shares during the last quarter. Brookwood Investment Group LLC acquired a new position in Milestone Scientific in the 1st quarter worth approximately $46,000. Finally, Renaissance Technologies LLC lifted its stake in Milestone Scientific by 72.8% during the 4th quarter. Renaissance Technologies LLC now owns 126,275 shares of the company's stock valued at $121,000 after acquiring an additional 53,198 shares during the period. Hedge funds and other institutional investors own 5.79% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on shares of Milestone Scientific in a research report on Sunday, May 18th. They set a "hold" rating for the company.

About Milestone Scientific

Milestone Scientific Inc, a biomedical technology research and development company, patents, designs, develops, and commercializes diagnostic and therapeutic injection technologies, and devices for medical, dental, and cosmetic use in the United States, China, and internationally. The company operates through Dental and Medical segments.