Rice Hall James & Associates LLC Makes New $1.15 Million Investment in Varex Imaging Co. (NASDAQ:VREX)

Rice Hall James & Associates LLC acquired a new position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & 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 0.24% of Varex Imaging at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VREX. Russell Investments Group Ltd. increased its holdings in Varex Imaging by 424.3% in the first quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company's stock valued at $1,481,000 after buying an additional 66,235 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Varex Imaging by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company's stock valued at $2,432,000 after purchasing an additional 122,488 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Varex Imaging by 11.8% during the first quarter. First Eagle Investment Management LLC now owns 357,687 shares of the company's stock worth $6,474,000 after purchasing an additional 37,800 shares during the last quarter. Empowered Funds LLC purchased a new stake in Varex Imaging during the first quarter worth $734,000. Finally, Deerfield Management Company L.P. Series C acquired a new stake in Varex Imaging in the second quarter valued at $971,000.

Insider Activity at Varex Imaging

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

Varex Imaging Price Performance

Shares of VREX traded up $0.07 during mid-day trading on Friday, reaching $13.20. 487,120 shares of the company's stock were exchanged, compared to its average volume of 422,101. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $21.50. The company has a quick ratio of 1.89, a current ratio of 3.34 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $11.89 and a two-hundred day simple moving average of $13.70. The company has a market cap of $539.88 million, a price-to-earnings ratio of 18.59 and a beta of 0.53.

Varex Imaging (NASDAQ:VREX - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $209.00 million during the quarter, compared to analyst estimates of $209.50 million. Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The business's revenue was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. On average, sell-side analysts predict that Varex Imaging Co. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on Varex Imaging in a research note on Friday, August 23rd. They set a "buy" rating and a $21.00 price target for the company.

About Varex Imaging

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.