Susquehanna Advisors Group Inc. Acquires Shares of 498,675 Semler Scientific, Inc. (NASDAQ:SMLR)

Susquehanna Advisors Group Inc. acquired a new position in shares of Semler Scientific, Inc. (NASDAQ:SMLR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 498,675 shares of the company's stock, valued at approximately $26,928,000. Semler Scientific makes up approximately 0.8% of Susquehanna Advisors Group Inc.'s investment portfolio, making the stock its 20th largest holding. Susquehanna Advisors Group Inc. owned 5.38% of Semler Scientific at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in Semler Scientific during the fourth quarter valued at about $34,000. Larson Financial Group LLC acquired a new stake in shares of Semler Scientific during the fourth quarter worth approximately $38,000. NewEdge Advisors LLC increased its holdings in shares of 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 buying an additional 557 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Semler Scientific during the fourth quarter worth approximately $54,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Semler Scientific by 62.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,300 shares of the company's stock worth $70,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 49.37% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their price objective on shares of Semler Scientific from $40.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, January 24th.

Semler Scientific Price Performance

SMLR stock traded up $2.40 during midday trading on Friday, hitting $36.84. The company's stock had a trading volume of 1,008,704 shares, compared to its average volume of 408,166. Semler Scientific, Inc. has a twelve month low of $20.88 and a twelve month high of $81.56. The company's fifty day moving average price is $37.11 and its 200 day moving average price is $46.24. The stock has a market capitalization of $353.55 million, a P/E ratio of 7.50 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 analysts' consensus estimates of $0.20 by $3.21. The company had revenue of $12.41 million during the quarter. Semler Scientific had a return on equity of 50.77% and a net margin of 72.65%.

Semler Scientific Profile

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.