Shariaportfolio Inc. Buys Shares of 153,616 Semler Scientific, Inc. (NASDAQ:SMLR)

Shariaportfolio Inc. purchased a new stake in shares of Semler Scientific, Inc. (NASDAQ:SMLR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 153,616 shares of the company's stock, valued at approximately $3,618,000. Semler Scientific comprises approximately 1.9% of Shariaportfolio Inc.'s holdings, making the stock its 10th largest holding. Shariaportfolio Inc. owned 2.17% of Semler Scientific as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. CWM LLC grew its position in Semler Scientific by 486.3% in the 2nd quarter. CWM LLC now owns 897 shares of the company's stock valued at $31,000 after buying an additional 744 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Semler Scientific in the second quarter valued at approximately $34,000. Quest Partners LLC acquired a new position in shares of Semler Scientific during the second quarter valued at approximately $59,000. Meeder Asset Management Inc. bought a new stake in Semler Scientific during the second quarter worth approximately $67,000. Finally, Rhumbline Advisers lifted its position in Semler Scientific by 27.1% in the second quarter. Rhumbline Advisers now owns 6,197 shares of the company's stock worth $213,000 after purchasing an additional 1,320 shares during the period. Institutional investors own 49.37% of the company's stock.

Insider Buying and Selling

In related news, CEO Douglas Murphy-Chutorian sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.35, for a total transaction of $283,500.00. Following the completion of the sale, the chief executive officer now directly owns 60,220 shares in the company, valued at approximately $1,707,237. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 13.00% of the company's stock.

Semler Scientific Stock Up 0.6 %

NASDAQ SMLR traded up $0.17 on Tuesday, reaching $27.17. 153,870 shares of the stock traded hands, compared to its average volume of 185,810. Semler Scientific, Inc. has a 12 month low of $20.88 and a 12 month high of $53.38. The company has a market cap of $191.98 million, a price-to-earnings ratio of 10.08 and a beta of 0.96. The firm's fifty day simple moving average is $25.87 and its 200 day simple moving average is $28.50.

Semler Scientific (NASDAQ:SMLR - Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. Semler Scientific had a return on equity of 21.17% and a net margin of 25.62%. The business had revenue of $14.47 million during the quarter.

About Semler Scientific

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company's products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient's vascular condition.