Palatin Technologies, Inc. (PTN) recently purchased by insider Hull Joseph Stanley

Palatin Technologies, Inc. (NYSE:PTN) marched up 178.47% compared to a 52-week low price of $0.34. The shares were last seen trading -6.92% lower, taking the closing price at $0.94 on 06/13/2018. At recent session, the prices were hovering between $0.9251 and $0.979. This company shares are 485.11% off its target price of $5.5 and the current market capitalization stands at $195.48M. The recent change has given its price a -22.71% deficit over SMA 50 and -40.87% deficit over its 52-week high. The stock witnessed -28.24% declines, -2.54% declines and 10.6% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PTN’s volatility during a week at 6.44% and during a month it has been found around 6.91%.

Palatin Technologies, Inc. (PTN) Top Holders

Institutional investors currently hold around $26 million or 13% in PTN stock. Look at its top three institutional owners. Vanguard Group Inc owns $7.66 million in Palatin Technologies, Inc., which represents roughly 3.92% of the company’s market cap and approximately 29.45% of the institutional ownership. Similar statistics are true for the second largest owner, Acadian Asset Management Llc, which owns 3,315,152 shares of the stock are valued at $3.35 million. The third largest holder is Renaissance Technologies Llc, which currently holds $2.77 million worth of this stock and that ownership represents nearly 1.42% of its market capitalization.

Palatin Technologies, Inc. 13F Filings

At the end of 03/31/2018 reporting period, 40 institutional holders increased their position in Palatin Technologies, Inc. (NYSE:PTN) by some 8,434,270 shares, 13 decreased positions by 676,727 and 18 held positions by 16,780,561. That puts total institutional holdings at 25,891,558 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 2,118,850 shares while 7 institutional investors sold out their entire positions totaling 120,850 shares.

Palatin Technologies, Inc. (NYSE:PTN) Insider Trades

Multiple company employees have indulged in significant insider trading. Palatin Technologies, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Hull Joseph Stanley has acquired 2,500 shares of Palatin Technologies, Inc. (PTN) in trading session dated Dec. 04, 2015. These shares are worth $1,650 and were traded at $0.66 each. The SEC filing shows that Hull Joseph Stanley performed a purchase of 2,000 shares. The Director added these shares by way of transaction on Nov. 19, 2015. The company’s shares were assimilated at $0.65 per share worth to an investment of some $1,300 on account of Hull Joseph Stanley.

Director, Deveer Robert K Jr, purchased 10,000 common shares of Palatin Technologies, Inc. (PTN) in the open market. In a transaction dated Oct. 02, 2015, the shares were bought at an average price of $0.82, giving away a sum of $8,200. After this purchase, 222,393 common shares of PTN are directly owned by the insider, with total stake valued at $209,049.

In the transaction dated Feb. 27, 2014, the great number of shares disposed came courtesy the 10% Owner; Bvf Partners L P/Il disposed a total of 293,825 shares at an average price of $1.09, amounting to approximately $320,269. The insider now directly owns 3,705,128 shares worth $3,482,820.

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