S.R.L. Bp4 Sells 26,855 Shares of Milestone Scientific Inc. (NYSE:MLSS) Stock

Milestone Scientific Inc. (NYSE:MLSS - Get Free Report) major shareholder S.R.L. Bp4 sold 26,855 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $0.91, for a total transaction of $24,438.05. Following the completion of the sale, the insider now directly owns 9,591,602 shares in the company, valued at $8,728,357.82. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Friday, June 6th, S.R.L. Bp4 sold 60,200 shares of Milestone Scientific stock. The stock was sold at an average price of $0.90, for a total value of $54,180.00.
• On Thursday, May 29th, S.R.L. Bp4 sold 3,361 shares of Milestone Scientific stock. The shares were sold at an average price of $0.96, for a total transaction of $3,226.56.
• On Wednesday, May 28th, S.R.L. Bp4 sold 14,256 shares of Milestone Scientific stock. The shares were sold at an average price of $0.96, for a total transaction of $13,685.76.

Milestone Scientific Stock Down 2.7%

NYSE:MLSS traded down $0.02 during trading hours on Wednesday, hitting $0.89. 112,518 shares of the stock traded hands, compared to its average volume of 129,522. The company has a market cap of $69.86 million, a price-to-earnings ratio of -12.72 and a beta of 0.90. Milestone Scientific Inc. has a 1 year low of $0.58 and a 1 year high of $1.39. The stock has a 50 day moving average price of $0.94 and a 200 day moving average price of $1.00.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on Milestone Scientific in a report on Sunday, May 18th. They issued a "hold" rating on the stock.

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.