Milestone Scientific Inc. (NYSE:MLSS) Major Shareholder Sells $13,685.76 in Stock

Milestone Scientific Inc. (NYSE:MLSS - Get Free Report) major shareholder S.R.L. Bp4 sold 14,256 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $0.96, for a total transaction of $13,685.76. Following the transaction, the insider now directly owns 9,658,192 shares of the company's stock, valued at $9,271,864.32. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, 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 transaction of $3,226.56.

Milestone Scientific Trading Up 2.4%

Shares of MLSS stock traded up $0.02 on Monday, reaching $0.95. 36,817 shares of the company's stock were exchanged, compared to its average volume of 128,453. The company's fifty day simple moving average is $0.95 and its 200 day simple moving average is $0.99. The stock has a market capitalization of $74.16 million, a PE ratio of -13.50 and a beta of 0.93. Milestone Scientific Inc. has a 52 week low of $0.58 and a 52 week high of $1.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MLSS. XTX Topco Ltd increased its holdings in Milestone Scientific by 99.2% during the 1st 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 period. Brookwood Investment Group LLC acquired a new position in shares of Milestone Scientific during the first quarter worth $46,000. Finally, Renaissance Technologies LLC increased its position 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 buying an additional 53,198 shares in the last quarter. 5.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on Milestone Scientific in a research note on Sunday, May 18th. They issued 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.