Universal Insurance Holdings, Inc. (UVE) Is At $31.05 Formed Wedge; Surmodics (SRDX) Sellers Decreased By 2.23% Their Shorts

Surmodics, Inc. (NASDAQ:SRDX) Logo

Surmodics Inc (NASDAQ:SRDX) had a decrease of 2.23% in short interest. SRDX’s SI was 316,100 shares in April as released by FINRA. Its down 2.23% from 323,300 shares previously. With 17,300 avg volume, 18 days are for Surmodics Inc (NASDAQ:SRDX)’s short sellers to cover SRDX’s short positions. The SI to Surmodics Inc’s float is 3.02%. The stock increased 1.04% or $0.4 during the last trading session, reaching $39. About 23,091 shares traded. Surmodics, Inc. (NASDAQ:SRDX) has risen 61.37% since April 16, 2017 and is uptrending. It has outperformed by 49.82% the S&P500.

Universal Insurance Holdings, Inc. (UVE) formed wedge up with $33.53 target or 8.00% above today’s $31.05 share price. Universal Insurance Holdings, Inc. (UVE) has $1.08B valuation. The stock decreased 1.74% or $0.55 during the last trading session, reaching $31.05. About 107,043 shares traded. Universal Insurance Holdings, Inc. (NYSE:UVE) has risen 33.64% since April 16, 2017 and is uptrending. It has outperformed by 22.09% the S&P500.

Investors sentiment decreased to 0.69 in Q4 2017. Its down 0.25, from 0.94 in 2017Q3. It worsened, as 11 investors sold Surmodics, Inc. shares while 44 reduced holdings. 12 funds opened positions while 26 raised stakes. 11.07 million shares or 0.98% less from 11.18 million shares in 2017Q3 were reported. Guggenheim Cap Limited Company reported 33,653 shares stake. 23,854 are held by Legal General Grp Incorporated Public Limited Company. State Of Tennessee Treasury Department owns 10,845 shares or 0% of their US portfolio. Tci Wealth Advisors holds 0% or 33 shares in its portfolio. 135,676 were accumulated by Millennium Mgmt Ltd Liability Corp. Morgan Stanley stated it has 65,422 shares or 0% of all its holdings. The Minnesota-based Ameriprise has invested 0% in Surmodics, Inc. (NASDAQ:SRDX). Bnp Paribas Arbitrage Sa holds 0% in Surmodics, Inc. (NASDAQ:SRDX) or 5,370 shares. Citadel Advsr Llc accumulated 14,528 shares. Tower Research Capital Ltd (Trc) reported 530 shares. Rice Hall James Associates Limited has 0.11% invested in Surmodics, Inc. (NASDAQ:SRDX). Arrowstreet Cap L P, a Massachusetts-based fund reported 98,080 shares. Ameritas Inv Inc reported 1,145 shares. Northern Tru stated it has 0% in Surmodics, Inc. (NASDAQ:SRDX). Bank Of Ny Mellon accumulated 155,922 shares.

Surmodics, Inc., together with its subsidiaries, provides surface modification and in vitro diagnostic technologies to the healthcare industry worldwide. The company has market cap of $514.67 million. It operates through two divisions, Medical Device and In Vitro Diagnostics. It has a 19500 P/E ratio. The Medical Device segment offers surface modification coating technologies to enhance access, deliverability, and predictable deployment of medical devices, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device for the coronary, peripheral, neuro-vascular, urology, and other markets.

Among 5 analysts covering SurModics (NASDAQ:SRDX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. SurModics had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, February 28 by Barrington Research. Sidoti downgraded the stock to “Neutral” rating in Friday, October 7 report. As per Monday, November 21, the company rating was downgraded by Barrington Research. Barrington Research maintained the stock with “Outperform” rating in Thursday, August 6 report.

Since December 11, 2017, it had 0 buys, and 2 insider sales for $63,711 activity. On Friday, March 9 Stich Joseph J. sold $33,528 worth of Surmodics, Inc. (NASDAQ:SRDX) or 1,000 shares.

Since February 23, 2018, it had 0 buys, and 1 insider sale for $512,787 activity. On Friday, February 23 the insider PIETRANGELO MICHAEL sold $512,787.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.40, from 1.41 in 2017Q3. It is negative, as 11 investors sold Universal Insurance Holdings, Inc. shares while 59 reduced holdings. 34 funds opened positions while 37 raised stakes. 25.50 million shares or 3.69% less from 26.48 million shares in 2017Q3 were reported. Matarin Capital Mngmt Limited Liability Corporation holds 0.58% or 273,393 shares in its portfolio. Amundi Pioneer Asset Inc accumulated 87,922 shares or 0% of the stock. One Association accumulated 26,682 shares. Moreover, Stifel has 0% invested in Universal Insurance Holdings, Inc. (NYSE:UVE). State Common Retirement Fund has 0% invested in Universal Insurance Holdings, Inc. (NYSE:UVE). Hancock Co accumulated 419,365 shares. Virginia Retirement Et Al has 0% invested in Universal Insurance Holdings, Inc. (NYSE:UVE). Morgan Stanley owns 82,997 shares or 0% of their US portfolio. Capital Returns Ltd has invested 6.68% of its portfolio in Universal Insurance Holdings, Inc. (NYSE:UVE). Barclays Public Limited Com invested in 13,425 shares or 0% of the stock. Tudor Inv Corp Et Al holds 13,855 shares. Sii Incorporated Wi reported 31,951 shares. 55,200 are held by Swiss Commercial Bank. Blackrock Inc holds 4.09M shares. Jpmorgan Chase And has invested 0% in Universal Insurance Holdings, Inc. (NYSE:UVE).

Surmodics, Inc. (NASDAQ:SRDX) Institutional Positions Chart

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