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: 000114420416136968. As reported in Wynnefield Partners Small Cap Value Lp I’s form, the filler as of late owns 30.7% or 5,673,394 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 23, 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.
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 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.
Tower Cap Limited Liability Corporation (Trc) holds 0% or 1,048 shares in its portfolio. Blackrock Fund Advsrs holds 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR) for 6,279 shares. Northern Corp holds 0% or 12,239 shares in its portfolio. Wynnefield Capital accumulated 2.46% or 4.10 million shares. Perkins owns 37,500 shares or 0.07% of their US portfolio. Tocqueville Asset Ltd Partnership last reported 0.03% of its portfolio in the stock. Paradigm Capital Mngmt Inc Ny owns 1.82 million shares or 0.37% of their US portfolio. Commonwealth Equity has invested 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR). State Of New Jersey Common Pension Fund D has 0% invested in the company for 548,000 shares. California Employees Retirement System accumulated 0% or 134,830 shares. Walleye Trading Lc owns 681 shares or 0% of their US portfolio. First Natl Trust, a Pennsylvania-based fund reported 10,000 shares. Morgan Stanley holds 0% or 4,450 shares in its portfolio. Geode Capital Management Limited Liability Company owns 73,827 shares or 0% of their US portfolio. The Florida-based Raymond James And Associates has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR).
Insider Transactions: Since August 5, 2016, the stock had 17 insider purchases, and 1 insider sale for $3.32 million net activity. WYNNEFIELD PARTNERS SMALL CAP VALUE LP bought $90,450 worth of stock or 40,200 shares. 3,500 shares were sold by MOTE WILLIAM E JR, worth $7,355. $51,201 worth of Summer Infant, Inc. (NASDAQ:SUMR) was bought by Marino Robin L.
Analysts await Summer Infant, Inc. (NASDAQ:SUMR) to report earnings on February, 22. They expect $0.02 earnings per share, up 133.33% or $0.08 from last year’s $-0.06 per share. SUMR’s profit will be $378,824 for 27.63 P/E if the $0.02 EPS becomes a reality. After $0.02 actual earnings per share reported by Summer Infant, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
The stock increased 3.27% or $0.07 on November 29, hitting $2.21. About 23,452 shares traded hands. Summer Infant, Inc. (NASDAQ:SUMR) has risen 41.72% since April 26, 2016 and is uptrending. It has outperformed by 36.46% the S&P500.
Summer Infant, Inc. is an infant and juvenile products company. The company has a market cap of $41.86 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.
Another recent and important Summer Infant, Inc. (NASDAQ:SUMR) news was published by Globenewswire.com which published an article titled: “Summer Infant Names Seasoned Juvenile Products Leader Mark Messner as …” on June 29, 2016.
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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