Divisadero Street Capital Management LP Has $19.34 Million Stock Position in ZimVie Inc. (NASDAQ:ZIMV)

Divisadero Street Capital Management LP reduced its stake in ZimVie Inc. (NASDAQ:ZIMV) by 16.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,059,900 shares of the company’s stock after selling 211,655 shares during the period. ZimVie accounts for 2.9% of Divisadero Street Capital Management LP’s holdings, making the stock its 9th biggest holding. Divisadero Street Capital Management LP owned about 3.84% of ZimVie worth $19,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Scarborough Advisors LLC bought a new position in ZimVie in the fourth quarter worth approximately $28,000. Summit Securities Group LLC increased its stake in shares of ZimVie by 518.6% during the second quarter. Summit Securities Group LLC now owns 3,000 shares of the company’s stock valued at $55,000 after buying an additional 2,515 shares during the period. Heritage Wealth Advisors raised its holdings in shares of ZimVie by 172,750.0% in the first quarter. Heritage Wealth Advisors now owns 6,914 shares of the company’s stock valued at $114,000 after acquiring an additional 6,910 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in ZimVie in the second quarter worth about $209,000. Finally, EMC Capital Management bought a new position in ZimVie during the 1st quarter worth about $228,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ZimVie

In other news, major shareholder Camber Capital Management Lp sold 525,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $17.71, for a total transaction of $9,297,750.00. Following the transaction, the insider now directly owns 2,725,000 shares of the company’s stock, valued at $48,259,750. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.01% of the stock is owned by insiders.

ZimVie Trading Up 3.0 %

Shares of NASDAQ ZIMV opened at $16.96 on Friday. ZimVie Inc. has a 1-year low of $6.52 and a 1-year high of $22.40. The business has a fifty day moving average price of $18.22 and a 200 day moving average price of $17.17. The stock has a market capitalization of $467.59 million, a P/E ratio of -1.21 and a beta of 2.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.94 and a quick ratio of 1.43.

ZimVie (NASDAQ:ZIMV) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). ZimVie had a negative net margin of 63.84% and a positive return on equity of 2.21%. The firm had revenue of $116.81 million for the quarter. During the same period last year, the firm posted $0.17 earnings per share. Equities research analysts expect that ZimVie Inc. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Needham & Company LLC upped their price target on shares of ZimVie from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd.

ZimVie Profile

ZimVie Inc, together with its subsidiaries, develops, manufactures, and markets a portfolio of products and solutions designed to treat various spine pathologies, and support dental tooth replacement and restoration procedures worldwide. It operates through two segments, The Dental Segment and The Spine Segment.