Stock SEC Filing: Learn Why Wynnefield Partners Small Cap Value Lp I Just Purchased Summer Infant, Inc Stake?

Stock SEC Filing: Learn Why Wynnefield Partners Small Cap Value Lp I Just Purchased Summer Infant, Inc Stake?

The New Wynnefield Partners Small Cap Value Lp I Holding in Summer Infant, Inc

Wynnefield Partners Small Cap Value Lp I filed with the SEC SC 13D/A form for Summer Infant, Inc. The form can be accessed here: 000114420416135947. As reported in Wynnefield Partners Small Cap Value Lp I’s form, the filler as of late owns 28.1% or 5,193,486 shares of the Consumer Staples–company.

Summer Infant, Inc stake is a new one for the and it was filed because of activity on November 18, 2016. We feel this shows Wynnefield Partners Small Cap Value Lp I’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.

Business Profile

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 Q2 2016. Its up 1.67, from 0.5 in 2016Q1. The ratio increased, 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.

The Massachusetts-based Geode Management has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR). The Florida-based Raymond James & has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR). Renaissance Limited Liability holds 0% or 175,500 shares in its portfolio. The Minnesota-based Perkins Capital Management has invested 0.07% in Summer Infant, Inc. (NASDAQ:SUMR). Commonwealth Equity Svcs, a Massachusetts-based fund reported 33,782 shares. The Maryland-based Price T Rowe Associates Md has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR). Tocqueville Asset Lp has 1.49M shares for 0.03% of their US portfolio. California Pub Employees Retirement Sys has invested 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR). Tower Research Limited Liability Co (Trc) has 1,048 shares for 0% of their US portfolio. Vanguard Group Incorporated accumulated 322,210 shares or 0% of the stock. Morgan Stanley has invested 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR). Walleye Trading Ltd holds 0% or 681 shares in its portfolio. Wynnefield Capital has 2.46% invested in the company for 4.10M shares. Moreover, Blackrock Fund Advisors has 0% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 6,279 shares. Paradigm Cap Ny owns 1.82 million shares or 0.37% of their US portfolio.

Insider Transactions: Since August 5, 2016, the stock had 15 insider purchases, and 1 insider sale for $2.36 million net activity. $131,500 worth of Summer Infant, Inc. (NASDAQ:SUMR) was bought by WYNNEFIELD PARTNERS SMALL CAP VALUE LP on Thursday, August 18. Marino Robin L bought $51,741 worth of stock. $7,355 worth of Summer Infant, Inc. (NASDAQ:SUMR) was sold by MOTE WILLIAM E JR.

The stock decreased 4.76% or $0.1 on November 22, hitting $2. About 38,401 shares traded hands. Summer Infant, Inc. (NASDAQ:SUMR) has risen 39.07% since April 20, 2016 and is uptrending. It has outperformed by 34.52% the S&P500.

Summer Infant, Inc. is an infant and juvenile products company. The company has a market cap of $38.85 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 recent Summer Infant, Inc. (NASDAQ:SUMR) news were published by: Prnewswire.com which released: “Summer Infant and GOOD+ Foundation Launch the Sharing Is Caring Social Charity …” on November 14, 2016. Also Globenewswire.com published the news titled: “Summer Infant Names Seasoned Juvenile Products Leader Mark Messner as …” on June 29, 2016. Thestreet.com‘s news article titled: “Why Summer Infant (SUMR) Stock Is Jumping Today” with publication date: May 14, 2014 was also an interesting one.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment