The New Privet Fund Lp Holding in Summer Infant, Inc
Privet Fund Lp filed with the SEC SC 13D/A form for Summer Infant, Inc. The form can be accessed here: 000157104916019988. As reported in Privet Fund Lp’s form, the filler as of late owns 8.9% or 1,640,506 shares of the Consumer Staples–company.
Summer Infant, Inc stake is a new one for the and it was filed because of activity on October 7, 2016. We feel this shows Privet Fund Lp’s positive view for the stock.
Summer Infant, Inc Institutional Sentiment
Latest Security and Exchange filings show 22 investors own Summer Infant, Inc. The institutional ownership in Q3 2015 is low, at 50.29% of the outstanding shares. This is decreased by 252379 the total institutional shares. 9302882 were the shares owned by these institutional investors. In total 4 funds opened new Summer Infant, Inc stakes, 8 increased stakes. There were 5 that closed positions and 8 reduced them.
Perkins Capital Management Inc is an institutional investor bullish on Summer Infant, Inc, owning 77000 shares as of Q3 2015 for 0.15% of its portfolio. Mark N. Diker Diker Management Llc owns 172165 shares or 0.07% of its portfolio. NY Moab Capital Partners Llc have 0.24% of their stock portfolio for 401527 shares. Further, Paradigm Capital Management Inc reported stake worth 0.38% of its US stock portfolio. The NY Wynnefield Capital Inc owns 3636766 shares. Summer Infant, Inc is 2.50% of the manager’s US portfolio.
Summer Infant, Inc. (Summer) is an infant and juvenile products company. The Company creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products. Its Anchor products in range product categories include monitoring, such as Wireless Fidelity (Wi-Fi)/Internet, video, audio and prenatal; safety, including gates, bath, potties, boosters, super seats, entertainers and infant massage; nursery, such as swaddle, travel accessories, safe sleep and soothers; baby gear, including strollers, bassinets, high chairs and playards, and feeding products, such as bottles, drinking cups, bibs and placemats, electronics and pacifiers. The Company’s portfolio of brands, under which it markets all of its products, includes Summer Infant, Born Free, SwaddleMe and Kiddopotamus.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 2.17 in 2016 Q2. Its up 1.67, from 0.5 in 2016Q1. The ratio is positive, as 6 funds sold all Summer Infant, Inc. shares owned while 4 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 8.93 million shares or 1.51% less from 9.07 million shares in 2016Q1.
Price T Rowe Associate Md, a Maryland-based fund reported 24,500 shares. Wynnefield Cap accumulated 2.46% or 4.10 million shares. Tower Lc (Trc) accumulated 0% or 1,048 shares. First Trust Communications reported 10,000 shares or 0% of all its holdings. Walleye Trading Limited Liability Corporation has 0% invested in the company for 681 shares. Vanguard Gp Incorporated Inc last reported 0% of its portfolio in the stock. State Of New Jersey Common Pension Fund D has 548,000 shares for 0% of their US portfolio. Geode Lc has 73,827 shares for 0% of their US portfolio. Paradigm Capital Mgmt Incorporated Ny, a New York-based fund reported 1.82 million shares. Commonwealth Equity accumulated 33,782 shares or 0% of the stock. Tocqueville Asset Mngmt Limited Partnership last reported 0.03% of its portfolio in the stock. Blackrock Fund Advsrs reported 6,279 shares or 0% of all its holdings. California Pub Employees Retirement Systems has 134,830 shares for 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR). Renaissance Technologies Ltd Limited Liability Company holds 0% or 175,500 shares in its portfolio.
Insider Transactions: Since August 5, 2016, the stock had 13 insider purchases, and 1 insider sale for $1.34 million net activity. On Monday, September 12 WYNNEFIELD PARTNERS SMALL CAP VALUE LP bought $55,407 worth of the stock or 26,600 shares. Marino Robin L bought $51,201 worth of Summer Infant, Inc. (NASDAQ:SUMR) on Friday, November 11. 3,500 shares with value of $7,355 were sold by MOTE WILLIAM E JR on Monday, September 12.
The stock decreased 2.15% or $0.04 on November 18, hitting $2.01. About 43,828 shares traded hands or 29.35% up from the average. Summer Infant, Inc. (NASDAQ:SUMR) has risen 35.33% since April 18, 2016 and is uptrending. It has outperformed by 30.90% the S&P500.
Summer Infant, Inc. is an infant and juvenile products company. The company has a market cap of $39.03 million. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It currently has negative earnings. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products.
More news for Summer Infant, Inc. (NASDAQ:SUMR) were recently published by: Finance.Yahoo.com, which released: “Summer Infant Appoints New Chief Product Officer” on November 17, 2016. Prnewswire.com‘s article titled: “Summer Infant and GOOD+ Foundation Launch the Sharing Is Caring Social Charity …” and published on November 14, 2016 is yet another important article.
According to Zacks Investment Research, “Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The Company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings.”
SUMR Company Profile
Summer Infant, Inc. (Summer), incorporated on December 9, 2004, is an infant and juvenile products company. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. The Firm operates across various marketplaces, selling its products to national retailers, as well as independent retailers, and on the Internet through third-party Websites and its own summerinfant.com Website. It also sells through international distributors, representatives and to international retail clients in geographic locations. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products. The Company’s portfolio of brands, under which it markets all of its products, includes Summer Infant, Born Free, SwaddleMe and Kiddopotamus.
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