Rice Hall James & Associates LLC Acquires New Position in Varex Imaging Co. (NASDAQ:VREX)

Rice Hall James & Associates LLC acquired a new stake in shares of Varex Imaging Co. (NASDAQ:VREX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 96,463 shares of the company’s stock, valued at approximately $1,150,000. Rice Hall James & Associates LLC owned about 0.24% of Varex Imaging as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VREX. Innealta Capital LLC bought a new stake in shares of Varex Imaging during the 2nd quarter valued at about $26,000. Canada Pension Plan Investment Board bought a new position in Varex Imaging in the 2nd quarter worth about $38,000. Pacific Center for Financial Services bought a new position in Varex Imaging in the 1st quarter worth about $94,000. CWM LLC grew its position in Varex Imaging by 2,384.2% in the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after purchasing an additional 9,203 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in Varex Imaging by 29.8% in the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock worth $169,000 after purchasing an additional 3,245 shares during the last quarter.

Insider Activity

In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at $3,445.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Kimberley E. Honeysett sold 2,578 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the completion of the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at $3,445.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shubham Maheshwari bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $10.82 per share, with a total value of $108,200.00. Following the completion of the purchase, the chief financial officer now owns 56,063 shares of the company’s stock, valued at approximately $606,601.66. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Varex Imaging in a research report on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price for the company.

Varex Imaging Price Performance

NASDAQ VREX opened at $13.20 on Friday. The company has a 50-day moving average price of $11.89 and a two-hundred day moving average price of $13.73. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67. The stock has a market cap of $539.88 million, a price-to-earnings ratio of 18.59 and a beta of 0.53. Varex Imaging Co. has a 52 week low of $10.19 and a 52 week high of $21.50.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. Varex Imaging had a net margin of 4.11% and a return on equity of 6.11%. The company’s revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. Analysts forecast that Varex Imaging Co. will post 0.46 EPS for the current year.

Varex Imaging Profile

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.