Danimer Scientific (NYSE:DNMR) Shares to Split on Friday, May 10th

Danimer Scientific, Inc. (NYSE:DNMR) shares are set to split on the morning of Friday, May 10th. The 4-3 split was announced on Friday, May 10th. The newly created shares will be payable to shareholders after the market closes on Friday, May 10th.

Danimer Scientific Trading Up 4.3 %

Shares of DNMR opened at $0.84 on Wednesday. Danimer Scientific has a twelve month low of $0.60 and a twelve month high of $3.56. The company has a quick ratio of 5.26, a current ratio of 6.87 and a debt-to-equity ratio of 1.37. The stock has a market cap of $95.76 million, a PE ratio of -0.55 and a beta of 1.62. The business’s 50-day moving average price is $1.09 and its 200-day moving average price is $1.08.

Danimer Scientific (NYSE:DNMR) last announced its earnings results on Thursday, March 28th. The company reported ($0.39) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.39). Danimer Scientific had a negative return on equity of 49.01% and a negative net margin of 333.03%. The business had revenue of $10.95 million for the quarter, compared to analyst estimates of $10.90 million. On average, equities analysts forecast that Danimer Scientific will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DNMR has been the subject of several analyst reports. Piper Sandler reissued a “neutral” rating and set a $1.25 price target (down previously from $3.50) on shares of Danimer Scientific in a research report on Tuesday, April 9th. TD Cowen dropped their price target on Danimer Scientific from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Thursday, April 4th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DNMR. Raymond James & Associates increased its holdings in Danimer Scientific by 10.1% during the third quarter. Raymond James & Associates now owns 76,875 shares of the company’s stock valued at $159,000 after buying an additional 7,040 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Danimer Scientific during the 3rd quarter worth $27,000. Brandywine Global Investment Management LLC boosted its position in Danimer Scientific by 100.6% during the third quarter. Brandywine Global Investment Management LLC now owns 92,880 shares of the company’s stock valued at $192,000 after purchasing an additional 46,580 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC purchased a new position in Danimer Scientific in the third quarter valued at about $208,000. Finally, SG Americas Securities LLC bought a new position in Danimer Scientific in the fourth quarter worth about $41,000. 33.84% of the stock is currently owned by hedge funds and other institutional investors.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.