Danimer Scientific (NYSE:DNMR) Shares to Split on Friday, May 10th

Danimer Scientific, Inc. (NYSE:DNMR)’s stock is going to split on the morning of Friday, May 10th. The 4-3 split was announced on Friday, May 10th. The newly issued shares will be distributed to shareholders after the market closes on Friday, May 10th.

Danimer Scientific Trading Up 4.3 %

DNMR opened at $0.84 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 5.26 and a current ratio of 6.87. Danimer Scientific has a one year low of $0.60 and a one year high of $3.56. The company has a market cap of $95.76 million, a P/E ratio of -0.55 and a beta of 1.62. The business’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $1.08.

Danimer Scientific (NYSE:DNMR) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.39). Danimer Scientific had a negative return on equity of 49.01% and a negative net margin of 333.03%. The firm had revenue of $10.95 million during the quarter, compared to the consensus estimate of $10.90 million. As a group, equities research analysts expect that Danimer Scientific will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on DNMR shares. TD Cowen dropped their price objective on shares of Danimer Scientific from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Piper Sandler restated a “neutral” rating and issued a $1.25 price target (down previously from $3.50) on shares of Danimer Scientific in a research report on Tuesday, April 9th.

Hedge Funds Weigh In On Danimer Scientific

A number of large investors have recently made changes to their positions in DNMR. Greenlight Capital Inc. grew its holdings in Danimer Scientific by 5.1% during the 4th quarter. Greenlight Capital Inc. now owns 2,734,580 shares of the company’s stock valued at $2,789,000 after buying an additional 131,890 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Danimer Scientific by 628.5% during the fourth quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock valued at $186,000 after acquiring an additional 157,085 shares during the last quarter. Thomasville National Bank increased its position in Danimer Scientific by 125.8% during the 1st quarter. Thomasville National Bank now owns 177,845 shares of the company’s stock worth $194,000 after purchasing an additional 99,078 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Danimer Scientific in the 3rd quarter valued at about $208,000. Finally, Brandywine Global Investment Management LLC lifted its holdings in Danimer Scientific by 100.6% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 92,880 shares of the company’s stock valued at $192,000 after purchasing an additional 46,580 shares in the last quarter. Hedge funds and other institutional investors own 33.84% of the company’s stock.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.