Allspring Global Investments Holdings LLC Purchases Shares of 1,814 Harrow Health, Inc. (NASDAQ:HROW)

Allspring Global Investments Holdings LLC acquired a new position in shares of Harrow Health, Inc. (NASDAQ:HROWFree Report) in the 3rd quarter, HoldingsChannel reports. The firm acquired 1,814 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds also recently modified their holdings of the company. Metropolitan Life Insurance Co NY acquired a new stake in Harrow Health in the second quarter worth about $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Harrow Health during the fourth quarter worth $31,000. Tower Research Capital LLC TRC grew its stake in shares of Harrow Health by 530.7% during the third quarter. Tower Research Capital LLC TRC now owns 2,756 shares of the company’s stock worth $33,000 after purchasing an additional 2,319 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Harrow Health during the second quarter worth $41,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Harrow Health during the second quarter worth $51,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mark L. Baum bought 7,500 shares of Harrow Health stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $8.11 per share, with a total value of $60,825.00. Following the purchase, the chief executive officer now owns 2,022,961 shares in the company, valued at $16,406,213.71. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet cut Harrow Health from a “c-” rating to a “d+” rating in a research note on Tuesday, December 12th.

View Our Latest Analysis on HROW

Harrow Health Stock Up 7.0 %

Shares of Harrow Health stock opened at $9.95 on Wednesday. Harrow Health, Inc. has a 1 year low of $7.60 and a 1 year high of $28.25. The company has a debt-to-equity ratio of 2.42, a current ratio of 5.80 and a quick ratio of 5.33. The company has a market capitalization of $349.44 million, a P/E ratio of -22.11 and a beta of 0.44. The business has a 50-day moving average of $10.03 and a two-hundred day moving average of $13.29.

Harrow Health (NASDAQ:HROWGet Free Report) last announced its quarterly earnings results on Monday, November 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The company had revenue of $34.27 million during the quarter, compared to the consensus estimate of $37.58 million. Harrow Health had a negative net margin of 12.44% and a negative return on equity of 6.55%. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS. As a group, equities analysts predict that Harrow Health, Inc. will post -0.43 EPS for the current year.

Harrow Health Company Profile

(Free Report)

Harrow Health, Inc operates as an ophthalmic-focused healthcare company. The company owns ImprimisRx, an ophthalmology outsourcing and pharmaceutical compounding business. The company also holds equity interests in Surface Ophthalmics, Inc, a clinical-stage pharmaceutical company that focuses on the development and commercialization of therapeutics for ocular surface diseases; Melt Pharmaceuticals, Inc, a clinical-stage pharmaceutical company that focused on the development and commercialization of proprietary non-intravenous, sedation, and anesthesia therapeutics for human medical procedures in hospital, outpatient, and in-office settings; and Eton Pharmaceuticals, Inc, a commercial-stage pharmaceutical company that engages in developing and commercializing drug products.

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Institutional Ownership by Quarter for Harrow Health (NASDAQ:HROW)

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