15,854 Shares in Semler Scientific, Inc. (OTCMKTS:SMLR) Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC bought a new position in shares of Semler Scientific, Inc. (OTCMKTS:SMLR – Get Rating) during the third quarter, HoldingsChannel.com reports. The firm bought 15,854 shares of the medical equipment provider’s stock, valued at approximately $595,000.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in Semler Scientific by 4,042.1% during the first quarter. Bank of America Corp DE now owns 787 shares of the medical equipment provider’s stock worth $39,000 after purchasing an additional 768 shares during the period. Royal Bank of Canada raised its stake in Semler Scientific by 2,585.7% during the first quarter. Royal Bank of Canada now owns 2,256 shares of the medical equipment provider’s stock worth $112,000 after purchasing an additional 2,172 shares during the period. Russell Investments Group Ltd. purchased a new position in Semler Scientific during the second quarter worth approximately $147,000. Veery Capital LLC purchased a new position in Semler Scientific during the third quarter worth approximately $225,000. Finally, Bank of New York Mellon Corp raised its stake in Semler Scientific by 101.7% during the first quarter. Bank of New York Mellon Corp now owns 5,106 shares of the medical equipment provider’s stock worth $253,000 after purchasing an additional 2,574 shares during the period. Institutional investors and hedge funds own 58.94% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley downgraded shares of Semler Scientific from a “buy” rating to a “neutral” rating and cut their price target for the stock from $60.00 to $45.00 in a research note on Wednesday, November 2nd.

Semler Scientific Trading Down 1.0 %

Shares of SMLR stock opened at $36.96 on Tuesday. The company’s fifty day simple moving average is $33.20 and its 200-day simple moving average is $36.40. Semler Scientific, Inc. has a 52 week low of $26.70 and a 52 week high of $82.00. The company has a market cap of $252.81 million, a PE ratio of 23.69 and a beta of 0.62.

Semler Scientific (OTCMKTS:SMLR – Get Rating) last issued its earnings results on Tuesday, November 1st. The medical equipment provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. Semler Scientific had a net margin of 23.18% and a return on equity of 27.92%. The business had revenue of $14.05 million for the quarter, compared to the consensus estimate of $15.04 million.

Semler Scientific Company Profile

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Semler Scientific, Inc provides technology solutions to improve the clinical effectiveness and efficiency of healthcare providers in the United States. The company's products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient's vascular condition.