Cardinal Capital Management buys $666,843 stake in Meridian Bioscience (VIVO)

Meridian Bioscience (VIVO) : Cardinal Capital Management scooped up 2,512 additional shares in Meridian Bioscience during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 32,137 shares of Meridian Bioscience which is valued at $666,843.Meridian Bioscience makes up approximately 0.27% of Cardinal Capital Management’s portfolio.

Meridian Bioscience opened for trading at $20.6 and hit $20.74 on the upside on Wednesday, eventually ending the session at $20.69, with a gain of 0.68% or 0.14 points. The heightened volatility saw the trading volume jump to 1,84,978 shares. Company has a market cap of $870 M.

Other Hedge Funds, Including , Penbrook Management sold out all of its stake in VIVO during the most recent quarter. The investment firm sold 49,175 shares of VIVO which is valued $1,020,381.Quotient Investors reduced its stake in VIVO by selling 2,500 shares or 8.09% in the most recent quarter. The Hedge Fund company now holds 28,400 shares of VIVO which is valued at $587,028. Meridian Bioscience makes up approx 0.21% of Quotient Investors’s portfolio.Acadian Asset Management boosted its stake in VIVO in the latest quarter, The investment management firm added 419,622 additional shares and now holds a total of 651,624 shares of Meridian Bioscience which is valued at $13,469,068. Meridian Bioscience makes up approx 0.07% of Acadian Asset Management’s portfolio.Capstone Asset Management Co boosted its stake in VIVO in the latest quarter, The investment management firm added 216,115 additional shares and now holds a total of 229,966 shares of Meridian Bioscience which is valued at $4,753,397. Meridian Bioscience makes up approx 0.14% of Capstone Asset Management Co’s portfolio. Fenimore Asset Management Inc sold out all of its stake in VIVO during the most recent quarter. The investment firm sold 264,900 shares of VIVO which is valued $5,417,205.

On the company’s financial health, Meridian Bioscience reported $0.21 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $47.20 million for the quarter, compared to analysts expectations of $48.56 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Meridian Bioscience. Company shares were Reiterated by Canaccord Genuity on Mar 28, 2016 to “Hold”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .

Meridian Bioscience Inc. (Meridian) is an integrated life science company. The Company is engaged in developing manufacturing selling and distribution of clinical diagnostic test kits for certain gastrointestinal viral respiratory and parasitic infectious diseases; the manufacture and distribution of bulk antigens antibodies polymerase chain reaction (PCR)/ quantitative polymerase chain reaction (qPCR) reagents nucleotides competent cells and bioresearch reagents used by researchers and other diagnostic manufacturers and the contract development and manufacture of proteins and other biologicals under cyclic guanosine monophosphate (cGMP) conditions for use by biopharmaceutical and biotechnology companies engaged in research for new drugs and vaccines. The Company operates in two segments: Diagnostics and Life Science.

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