Palatin Technologies Inc (NYSEMKT:PTN) Stock Price Up as Sentiment Improves

July 14, 2018 - By Sheila Pollock

Palatin Technologies, Inc. (NYSEAMERICAN:PTN) Logo

Sentiment for Palatin Technologies Inc (NYSEMKT:PTN)

Palatin Technologies Inc (NYSEMKT:PTN) institutional sentiment increased to 3.18 in 2018 Q1. Its up 0.97, from 2.21 in 2017Q4. The ratio improved, as 35 active investment managers increased or opened new holdings, while 11 trimmed and sold positions in Palatin Technologies Inc. The active investment managers in our partner’s database now hold: 50.81 million shares, up from 18.04 million shares in 2017Q4. Also, the number of active investment managers holding Palatin Technologies Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 5 Increased: 20 New Position: 15.

Palatin Technologies, Inc., a biopharmaceutical company, develops targeted, receptor-specific peptide therapeutics for the treatment of various diseases in the United States. The company has market cap of $202.65 million. The companyÂ’s principal product is Bremelanotide, an as needed subcutaneous injectable peptide melanocortin receptor agonist, which is in the Phase III clinical studies for the treatment of premenopausal women with hypoactive sexual desire disorder . It has a 7.61 P/E ratio. The Company’s drug development programs also include melanocortin peptide system program, including PL-8177 is a selective melanocortin receptor 1 agonist peptide for inflammatory bowel diseases; and PL-8331, is a preclinical development candidate for treating ocular inflammation.

It closed at $1.02 lastly. It is down 205.26% since July 14, 2017 and is uptrending. It has outperformed by 192.69% the S&P500.

Analysts await Palatin Technologies, Inc. (NYSEAMERICAN:PTN) to report earnings on September, 24. They expect $0.02 EPS, down 71.43 % or $0.05 from last year’s $0.07 per share. PTN’s profit will be $3.97 million for 12.75 P/E if the $0.02 EPS becomes a reality.

Acadian Asset Management Llc holds 0.02% of its portfolio in Palatin Technologies, Inc. for 3.32 million shares. Ajo Lp owns 1.24 million shares or 0.01% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 546,000 shares. The New York-based Element Capital Management Llc has invested 0.01% in the stock. National Asset Management Inc., a New York-based fund reported 38,000 shares.

Palatin Technologies, Inc. (NYSEAMERICAN:PTN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: