Caprock Group LLC Invests $292,000 in Premier, Inc. (NASDAQ:PINC)

Caprock Group LLC purchased a new stake in Premier, Inc. (NASDAQ:PINC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 13,768 shares of the company's stock, valued at approximately $292,000.

Several other hedge funds have also bought and sold shares of the stock. KBC Group NV grew its position in Premier by 38.1% in the fourth quarter. KBC Group NV now owns 5,589 shares of the company's stock worth $118,000 after acquiring an additional 1,542 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Premier by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 86,919 shares of the company's stock valued at $1,843,000 after purchasing an additional 3,569 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of Premier by 85.1% in the 4th quarter. Impact Partnership Wealth LLC now owns 22,106 shares of the company's stock worth $469,000 after purchasing an additional 10,161 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of Premier during the 4th quarter valued at approximately $628,000. Finally, Crossmark Global Holdings Inc. raised its holdings in Premier by 44.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 90,752 shares of the company's stock valued at $1,924,000 after buying an additional 27,960 shares during the period. Hedge funds and other institutional investors own 74.41% of the company's stock.

Premier Price Performance

Premier stock traded down $0.19 during midday trading on Monday, reaching $18.57. The company's stock had a trading volume of 1,460,227 shares, compared to its average volume of 1,370,674. Premier, Inc. has a 52-week low of $17.95 and a 52-week high of $23.56. The stock has a market capitalization of $1.78 billion, a P/E ratio of -185.68 and a beta of 0.43. The stock's 50-day simple moving average is $21.51 and its 200-day simple moving average is $20.92.

Premier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Friday, February 28th. Premier's dividend payout ratio (DPR) is presently -840.00%.

Insider Buying and Selling

In related news, COO Leigh Anderson sold 20,000 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.88, for a total transaction of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares in the company, valued at $2,444,149.16. The trade was a 15.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Helen M. Boudreau sold 2,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $21.42, for a total value of $53,550.00. Following the sale, the director now directly owns 20,668 shares in the company, valued at $442,708.56. This represents a 10.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,425 shares of company stock worth $1,320,242 in the last 90 days. Insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Canaccord Genuity Group decreased their price target on Premier from $21.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Barclays upped their price objective on Premier from $20.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Robert W. Baird decreased their target price on Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com lowered shares of Premier from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.50.

Premier Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.