Iradimed Corp (IRMD) : Jfs Wealth Advisors scooped up 5,000 additional shares in Iradimed Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 205,000 shares of Iradimed Corp which is valued at $3,355,850.Iradimed Corp makes up approximately 0.98% of Jfs Wealth Advisors’s portfolio.
Iradimed Corp closed down -1.49 points or -9.10% at $14.88 with 1,51,994 shares getting traded on Monday. Post opening the session at $16.15, the shares hit an intraday low of $14.6353 and an intraday high of $16.3095 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in IRMD by selling 88 shares or 40.93% in the most recent quarter. The Hedge Fund company now holds 127 shares of IRMD which is valued at $2,057. Strs Ohio sold out all of its stake in IRMD during the most recent quarter. The investment firm sold 3,600 shares of IRMD which is valued $58,320. Skylands Capital added IRMD to its portfolio by purchasing 33,246 company shares during the most recent quarter which is valued at $513,318. Iradimed Corp makes up approx 0.08% of Skylands Capital’s portfolio.
On the company’s financial health, Iradimed Corp reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.18. The company had revenue of $9.00 million for the quarter, compared to analysts expectations of $9.05 million. The company’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
IRADIMED CORPORATION (IRADIMED) develops manufactures markets and distributes Magnetic Resonance Imaging (MRI) compatible products and provides non-magnetic intravenous (IV) infusion pump systems. The Company’s electromechanical medical devices and pumps contain magnetic and electronic parts which generate radio frequency (RF) noise create interference and are dangerous to operate in the presence of the magnet which drives an MRI. The Company’s MRidium 3860+ MRI compatible IV infusion pump system consists of non-ferrous parts ceramic ultrasonic motors non-magnetic mobile stands and other special features to deliver anesthesia and other IV fluids during various MRI procedures. As of December 31 2014 the Company had approximately 2300 MRI compatible IV infusion pump systems installed globally. Each system consists of an MRidium MRI compatible IV infusion pump mobile stand and disposable IV tubing sets.