Summit Trail Advisors LLC Buys Shares of 31,509 Premier, Inc. (NASDAQ:PINC)

Summit Trail Advisors LLC purchased a new position in Premier, Inc. (NASDAQ:PINC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,509 shares of the company's stock, valued at approximately $668,000.

Several other large investors also recently bought and sold shares of PINC. Assenagon Asset Management S.A. grew its holdings in shares of Premier by 109.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 468,524 shares of the company's stock worth $9,933,000 after purchasing an additional 245,239 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Premier by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,741,784 shares of the company's stock worth $34,836,000 after acquiring an additional 97,458 shares during the period. Empowered Funds LLC lifted its position in shares of Premier by 27.7% during the third quarter. Empowered Funds LLC now owns 428,076 shares of the company's stock valued at $8,562,000 after buying an additional 92,766 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Premier by 310.3% during the third quarter. Quantinno Capital Management LP now owns 115,833 shares of the company's stock valued at $2,317,000 after buying an additional 87,601 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Premier during the third quarter valued at about $1,414,000. Institutional investors own 74.41% of the company's stock.

Premier Price Performance

NASDAQ:PINC traded down $0.27 during midday trading on Friday, hitting $17.77. The company's stock had a trading volume of 730,776 shares, compared to its average volume of 1,281,494. The firm has a market cap of $1.71 billion, a P/E ratio of -177.68 and a beta of 0.43. Premier, Inc. has a fifty-two week low of $17.69 and a fifty-two week high of $23.56. The firm's 50 day moving average is $21.20 and its 200-day moving average is $20.84.

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.73%. Premier's payout ratio is -839.92%.

Wall Street Analyst Weigh In

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

Insider Transactions at Premier

In other Premier news, Director Helen M. Boudreau sold 2,500 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $21.42, for a total value of $53,550.00. Following the transaction, the director now owns 20,668 shares in the company, valued at approximately $442,708.56. This trade represents a 10.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Bigalke sold 1,136 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.19, for a total value of $25,207.84. Following the completion of the transaction, the director now owns 23,846 shares in the company, valued at $529,142.74. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,010 shares of company stock valued at $916,911 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

Premier Company 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.