Capital Impact Advisors LLC Invests $65,000 in Berkeley Lights, Inc. (NASDAQ:BLI)

Capital Impact Advisors LLC purchased a new stake in shares of Berkeley Lights, Inc. (NASDAQ:BLI – Get Rating) during the 3rd quarter, Holdings Channel reports. The fund purchased 21,805 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds have also added to or reduced their stakes in the company. Caxton Associates LP acquired a new position in Berkeley Lights during the 3rd quarter valued at about $53,000. Nierenberg Investment Management Company Inc. lifted its holdings in Berkeley Lights by 162.5% in the third quarter. Nierenberg Investment Management Company Inc. now owns 2,061,723 shares of the company’s stock valued at $5,897,000 after buying an additional 1,276,411 shares during the period. Lazard Asset Management LLC boosted its stake in Berkeley Lights by 3.9% in the third quarter. Lazard Asset Management LLC now owns 549,096 shares of the company’s stock valued at $1,570,000 after acquiring an additional 20,381 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Berkeley Lights by 19.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 72,074 shares of the company’s stock worth $205,000 after acquiring an additional 11,762 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Berkeley Lights during the 3rd quarter valued at $37,000. Institutional investors own 68.43% of the company’s stock.

Berkeley Lights Stock Up 2.4 %

NASDAQ:BLI opened at $1.30 on Friday. The company has a quick ratio of 3.48, a current ratio of 3.89 and a debt-to-equity ratio of 0.10. Berkeley Lights, Inc. has a 12-month low of $1.20 and a 12-month high of $7.79. The stock’s fifty day simple moving average is $1.93 and its 200-day simple moving average is $2.53. The firm has a market capitalization of $93.82 million, a P/E ratio of -0.91 and a beta of 1.36.

Berkeley Lights (NASDAQ:BLI – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.14). The company had revenue of $17.84 million during the quarter, compared to analyst estimates of $24.63 million. Berkeley Lights had a negative net margin of 124.74% and a negative return on equity of 57.56%. Equities research analysts expect that Berkeley Lights, Inc. will post -0.97 earnings per share for the current year.

Berkeley Lights Profile

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Berkeley Lights, Inc, a digital cell biology company, focuses on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The company offers an integrated platform, which comprise of proprietary consumables, including OptoSelect chips and reagent kits, automation systems, and application and workflow software.