Portolan Capital Management LLC Takes $2.62 Million Position in Mirion Technologies, Inc. (NYSE:MIR)

Portolan Capital Management LLC bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 236,975 shares of the company's stock, valued at approximately $2,623,000. Portolan Capital Management LLC owned about 0.10% of Mirion Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MIR. Hollow Brook Wealth Management LLC lifted its stake in shares of Mirion Technologies by 4.6% in the third quarter. Hollow Brook Wealth Management LLC now owns 217,178 shares of the company's stock worth $2,404,000 after buying an additional 9,572 shares in the last quarter. Chescapmanager LLC boosted its holdings in shares of Mirion Technologies by 0.7% during the 3rd quarter. Chescapmanager LLC now owns 1,041,401 shares of the company's stock worth $11,528,000 after purchasing an additional 7,595 shares during the last quarter. Cinctive Capital Management LP purchased a new stake in shares of Mirion Technologies in the third quarter valued at approximately $944,000. Concentric Capital Strategies LP acquired a new position in Mirion Technologies during the third quarter worth $1,234,000. Finally, ArrowMark Colorado Holdings LLC grew its holdings in Mirion Technologies by 8.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company's stock valued at $33,211,000 after buying an additional 241,334 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. B. Riley began coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They set a "buy" rating and a $14.00 price objective for the company. The Goldman Sachs Group raised their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Citigroup lifted their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday.

Insider Activity

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Emmanuelle Lee sold 3,405 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,405 shares of company stock valued at $285,939. 2.20% of the stock is currently owned by corporate insiders.

Mirion Technologies Trading Up 5.6 %

MIR stock traded up $0.96 during mid-day trading on Thursday, hitting $18.03. 5,196,190 shares of the company were exchanged, compared to its average volume of 1,400,492. The business has a fifty day simple moving average of $14.55 and a 200-day simple moving average of $11.92. The firm has a market capitalization of $4.19 billion, a P/E ratio of -53.03 and a beta of 0.76. Mirion Technologies, Inc. has a 12-month low of $9.07 and a 12-month high of $18.67. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same quarter last year, the business posted $0.03 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.36 earnings per share for the current fiscal year.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.