Thomas D. Logan Sells 325,000 Shares of Mirion Technologies, Inc. (NYSE:MIR) Stock

Key Points

• Thomas D. Logan, CEO of Mirion Technologies, sold 325,000 shares of the company's stock for approximately $6.93 million, resulting in a 7.99% decrease in his holdings.
• Mirion Technologies reported a 7.6% increase in revenue year-over-year, totaling $222.90 million for the quarter ended July 31st, with earnings per share of $0.11.
• Institutional investors now hold 78.51% of Mirion Technologies' stock, with significant increases in holdings from companies like EverSource Wealth Advisors and AlphaQuest LLC.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) CEO Thomas D. Logan sold 325,000 shares of the firm'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 owned 3,742,305 shares in the company, valued at $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mirion Technologies Stock Down 0.3%

Shares of Mirion Technologies stock traded down $0.07 during trading on Friday, reaching $20.57. The stock had a trading volume of 2,784,721 shares, compared to its average volume of 3,113,084. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $20.97 and a two-hundred day moving average price of $17.58. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 685.67 and a beta of 0.83. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $22.80.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%. The business's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Sell-side analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on MIR. B. Riley reiterated a "buy" rating and set a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Wall Street Zen lowered Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird boosted their price target on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Citigroup boosted their price target on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Mirion Technologies presently has a consensus rating of "Buy" and an average price target of $22.25.

Hedge Funds Weigh In On Mirion Technologies

A number of large investors have recently made changes to their positions in the company. FORA Capital LLC acquired a new position in Mirion Technologies in the 2nd quarter valued at $1,268,000. Tower Research Capital LLC TRC grew its holdings in Mirion Technologies by 613.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 39,878 shares of the company's stock valued at $859,000 after buying an additional 34,292 shares in the last quarter. Captrust Financial Advisors acquired a new position in Mirion Technologies in the 2nd quarter valued at $220,000. Tidal Investments LLC grew its position in Mirion Technologies by 23.6% during the second quarter. Tidal Investments LLC now owns 21,274 shares of the company's stock worth $458,000 after buying an additional 4,057 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Mirion Technologies by 18.1% during the second quarter. Smartleaf Asset Management LLC now owns 6,146 shares of the company's stock worth $133,000 after buying an additional 941 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

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.