Telemark Asset Management LLC Takes Position in Mirion Technologies, Inc. (NYSE:MIR)

Telemark Asset Management LLC bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 400,000 shares of the company's stock, valued at approximately $4,428,000. Telemark Asset Management LLC owned 0.17% of Mirion Technologies at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MIR. Innealta Capital LLC purchased a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $39,000. Quest Partners LLC boosted its position in shares of Mirion Technologies by 680.5% during the third quarter. Quest Partners LLC now owns 6,728 shares of the company's stock worth $74,000 after buying an additional 5,866 shares during the period. Integrated Advisors Network LLC acquired a new stake in shares of Mirion Technologies in the third quarter valued at $120,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Mirion Technologies in the 3rd quarter valued at $147,000. Finally, Algert Global LLC acquired a new position in Mirion Technologies during the 2nd quarter worth about $189,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total transaction of $78,525.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,165,857.99. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of the company's stock in a transaction on Thursday, October 31st. The shares were 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. Insiders have sold 23,405 shares of company stock valued at $285,939 over the last quarter. 2.20% of the stock is owned by insiders.

Mirion Technologies Stock Up 3.1 %

Shares of MIR traded up $0.50 during midday trading on Friday, hitting $16.78. The company had a trading volume of 1,675,872 shares, compared to its average volume of 1,363,037. Mirion Technologies, Inc. has a 1 year low of $8.65 and a 1 year high of $16.78. The firm has a market capitalization of $3.90 billion, a P/E ratio of -47.92 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The company's 50-day simple moving average is $13.26 and its 200-day simple moving average is $11.48.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm had revenue of $206.80 million during the quarter, compared to analysts' expectations of $203.67 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on MIR. Citigroup lifted their target price on Mirion Technologies from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, B. Riley began coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They set a "buy" rating and a $14.00 target price on the stock.

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.