Miller Value Partners LLC Buys New Position in Semler Scientific, Inc. (NASDAQ:SMLR)

Miller Value Partners LLC purchased a new position in shares of Semler Scientific, Inc. (NASDAQ:SMLR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,000 shares of the company's stock, valued at approximately $2,322,000. Semler Scientific comprises about 1.0% of Miller Value Partners LLC's investment portfolio, making the stock its 28th largest holding. Miller Value Partners LLC owned approximately 0.46% of Semler Scientific as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SMLR. Global Retirement Partners LLC raised its holdings in Semler Scientific by 62.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,300 shares of the company's stock valued at $70,000 after acquiring an additional 500 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in Semler Scientific by 2.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 22,885 shares of the company's stock worth $1,236,000 after acquiring an additional 501 shares in the last quarter. NewEdge Advisors LLC raised its stake in Semler Scientific by 318.3% during the fourth quarter. NewEdge Advisors LLC now owns 732 shares of the company's stock worth $40,000 after acquiring an additional 557 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Semler Scientific by 13.2% during the fourth quarter. Sanctuary Advisors LLC now owns 5,012 shares of the company's stock worth $261,000 after acquiring an additional 584 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in Semler Scientific during the fourth quarter worth about $34,000. 49.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital boosted their target price on Semler Scientific from $40.00 to $71.00 and gave the stock a "buy" rating in a research note on Friday, January 24th.

Semler Scientific Stock Performance

Shares of Semler Scientific stock traded down $1.72 on Wednesday, hitting $32.25. The stock had a trading volume of 454,807 shares, compared to its average volume of 411,344. The stock has a 50 day moving average of $36.41 and a 200 day moving average of $46.21. Semler Scientific, Inc. has a twelve month low of $20.88 and a twelve month high of $81.56. The firm has a market capitalization of $309.50 million, a P/E ratio of 6.57 and a beta of 1.29.

Semler Scientific (NASDAQ:SMLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $3.21. Semler Scientific had a return on equity of 50.77% and a net margin of 72.65%. The company had revenue of $12.41 million during the quarter.

About Semler Scientific

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company's products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient's vascular condition.