Jackson Creek Investment Advisors LLC Takes $1.57 Million Position in Premier, Inc. (NASDAQ:PINC)

Jackson Creek Investment Advisors LLC acquired a new stake in Premier, Inc. (NASDAQ:PINC) in the fourth quarter, Holdings Channel reports. The firm acquired 74,075 shares of the company’s stock, valued at approximately $1,570,000.

Several other large investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its stake in shares of Premier by 61,750.0% in the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock worth $26,000 after acquiring an additional 1,235 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Premier by 157.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after acquiring an additional 786 shares in the last quarter. Keystone Financial Group Inc. purchased a new position in Premier in the fourth quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new position in Premier during the 3rd quarter worth $39,000. Finally, Smartleaf Asset Management LLC grew its stake in Premier by 297.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company’s stock worth $40,000 after purchasing an additional 1,427 shares in the last quarter. 74.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PINC has been the topic of a number of analyst reports. Piper Sandler reduced their price target on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Canaccord Genuity Group reduced their target price on shares of Premier from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Finally, Robert W. Baird decreased their price target on shares of Premier from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.17.

Premier Stock Performance

PINC opened at $17.55 on Friday. Premier, Inc. has a one year low of $17.23 and a one year high of $23.56. The company has a market cap of $1.60 billion, a P/E ratio of -175.48 and a beta of 0.43. The business’s 50-day simple moving average is $20.32 and its 200-day simple moving average is $20.67.

Premier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 4.79%. Premier’s payout ratio is currently -840.00%.

Insiders Place Their Bets

In other Premier news, Director Helen M. Boudreau sold 2,500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $21.42, for a total value of $53,550.00. Following the completion of the transaction, the director now owns 20,668 shares in the company, valued at $442,708.56. This represents a 10.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Leigh Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.88, for a total value of $437,600.00. Following the transaction, the chief operating officer now directly owns 111,707 shares in the company, valued at approximately $2,444,149.16. The trade was a 15.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,011 shares of company stock valued at $911,646. 0.96% of the stock is owned by corporate insiders.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.