Millennium Management LLC increased its stake in shares of VBI Vaccines Inc (NASDAQ:VBIV) by 118.7% during the second quarter, Holdings Channel reports. The institutional investor owned 531,117 shares of the biopharmaceutical company’s stock after acquiring an additional 288,214 shares during the period. Millennium Management LLC’s holdings in VBI Vaccines were worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paloma Partners Management Co purchased a new position in shares of VBI Vaccines during the second quarter worth about $254,000. Altshuler Shaham Ltd grew its holdings in shares of VBI Vaccines by 11.5% during the second quarter. Altshuler Shaham Ltd now owns 891,442 shares of the biopharmaceutical company’s stock worth $2,452,000 after buying an additional 91,800 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of VBI Vaccines during the second quarter worth about $222,000. Menora Mivtachim Holdings LTD. grew its holdings in shares of VBI Vaccines by 27.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 3,459,868 shares of the biopharmaceutical company’s stock worth $9,515,000 after buying an additional 744,706 shares during the last quarter. Finally, DRW Securities LLC purchased a new position in shares of VBI Vaccines during the second quarter worth about $126,000. 48.00% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ VBIV opened at $1.73 on Thursday. The company has a quick ratio of 2.69, a current ratio of 2.75 and a debt-to-equity ratio of 0.14. VBI Vaccines Inc has a 52-week low of $1.64 and a 52-week high of $5.10.
In other news, CEO Jeff Baxter acquired 13,500 shares of VBI Vaccines stock in a transaction that occurred on Friday, August 3rd. The stock was purchased at an average price of $2.01 per share, for a total transaction of $27,135.00. Following the completion of the transaction, the chief executive officer now directly owns 224,905 shares in the company, valued at $452,059.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 23,600 shares of company stock worth $46,788. Corporate insiders own 16.20% of the company’s stock.
VBI Vaccines Profile
VBI Vaccines Inc, a biopharmaceutical company, develops and sells vaccines to address unmet needs in infectious disease and immuno-oncology in Israel and internationally. The company offers Sci-B-Vac, a third-generation hepatitis B vaccine for adults, children, and newborns; and eVLP, a vaccine platform for the design of enveloped virus-like particle vaccines that closely mimic the target virus.
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