Periscope Capital, Inc. recently announced the acquisition of new stake in SeaStar Medical Holding Corpora (NASDAQ:ICU). The institutional investor has increased its shareholding in the Healthcare company by 28.47% to 0.68 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 5.37% valued currently at $2.8 million. In addition, Cohen & Co. Financial Management raised its holdings by 0.62 million to 0.62 million shares. And W.R. Berkley Corp. has lifted its position by 11.83% or 54019.0 shares – to 0.51 million shares.
With over 0.1 million SeaStar Medical Holding Corpora (ICU) shares trading Monday and a closing price of $4.10 on the day, the dollar volume was approximately $0.43 million. The shares have shown a negative half year performance of -59.57% and its price on 01/23/23 lost nearly -6.39%. Currently, there are 13.04M common shares owned by the public and among those 2.08M shares have been available to trade.
Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 12,857,304 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in SeaStar Medical Holding Corpora are GAMCO International SICAV – Merge, First Trust Merger Arbitrage Fund, and Leadersel – Event Driven. GAMCO International SICAV – Merge owns 50728.0 shares of the company’s stock, all valued at over $0.21 million. Leadersel – Event Driven now owns shares totaling to 0.16% of the shares outstanding.
Shares of SeaStar Medical Holding Corpora (NASDAQ: ICU) opened at $4.31, down -$0.07 from a prior closing price of $4.38. However, the script later moved the day high at 4.4971, down -6.39%. The company’s stock has a 5-day price change of -24.07% and -60.65% over the past three months. ICU shares are trading 0.00% year to date (YTD), with the 12-month market performance down to -59.04% lower. It has a 12-month low price of $3.53 and touched a high of $22.00 over the same period. ICU has an average intraday trading volume of 271.15K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.10%, -13.41%, and -52.77% respectively.
Institutional ownership of SeaStar Medical Holding Corpora (NASDAQ: ICU) shares accounts for 80.00% of the company’s 13.04M shares outstanding. Mutual fund holders own 20.37%, while other institutional holders and individual stakeholders account for 68.20% and 1.02% respectively.
It has a market capitalization of $51.13M. The stock’s trailing 12-month PE ratio is 17.45, while the earnings-per-share (ttm) stands at $0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.54% over the week and 14.31% over the month.