Perkins Capital Management Inc buys $1,302,881 stake in AtriCure (ATRC)

AtriCure (ATRC) : Perkins Capital Management Inc scooped up 900 additional shares in AtriCure during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 85,100 shares of AtriCure which is valued at $1,302,881.AtriCure makes up approximately 1.43% of Perkins Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added ATRC to its portfolio by purchasing 1,210 company shares during the most recent quarter which is valued at $18,537. Washington Trust Bank sold out all of its stake in ATRC during the most recent quarter. The investment firm sold 300 shares of ATRC which is valued $4,560. Bnp Paribas Arbitrage Sa added ATRC to its portfolio by purchasing 1,222 company shares during the most recent quarter which is valued at $18,574.

AtriCure opened for trading at $15.09 and hit $15.55 on the upside on Wednesday, eventually ending the session at $15.46, with a gain of 2.72% or 0.41 points. The heightened volatility saw the trading volume jump to 1,06,212 shares. Company has a market cap of $512 M.

On the company’s financial health, AtriCure reported $-0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.32. The company had revenue of $35.90 million for the quarter, compared to analysts expectations of $35.74 million. The company’s revenue was up 19.7% 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 AtriCure. AtriCure was Resumed by JMP Securities to “Mkt Outperform” on Jun 30, 2016.

AtriCure Inc. is a medical device company providing atrial fibrillation (Afib) solutions. The Company has three primary product lines for cardiac tissue ablation and a product line for left atrial appendage exclusion. The Company’s Isolator Synergy System which includes its Isolator Synergy clamps generator and switchbox is used for the treatment of persistent and long-standing persistent Afib in patients who are undergoing open concomitant coronary artery bypass grafting and valve replacement or repair. The cryoICE cryosurgery product line offers a range of both single use and reusable cryoablation devices. The AtriClip Left Atrial Appendage Exclusion System is designed to occlude the heart’s left atrial appendage (LAA). Its radiofrequency (RF) ablation products are indicated for the ablation of cardiac tissue. The Company sells enabling technologies including its Lumitip dissectors and Endoscopic Technologies Inc.’s (Estech) line of reusable cardiac surgery instruments.

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