Meridian Bioscience (VIVO) Rating Increased to Buy at BidaskClub
BidaskClub upgraded shares of Meridian Bioscience (NASDAQ:VIVO) from a hold rating to a buy rating in a research report sent to investors on Thursday, May 31st.
Separately, Zacks Investment Research raised shares of Meridian Bioscience from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note on Wednesday, March 21st.
Meridian Bioscience traded up $0.25, reaching $16.10, during mid-day trading on Thursday, MarketBeat.com reports. The stock had a trading volume of 178,900 shares, compared to its average volume of 271,366. The stock has a market capitalization of $658.45 million, a price-to-earnings ratio of 23.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.41 and a quick ratio of 3.71. Meridian Bioscience has a 12 month low of $13.35 and a 12 month high of $16.45.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Monday, May 7th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.11%. Meridian Bioscience’s dividend payout ratio (DPR) is presently 74.63%.
Several large investors have recently modified their holdings of VIVO. Schwab Charles Investment Management Inc. lifted its holdings in shares of Meridian Bioscience by 12.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 471,456 shares of the company’s stock worth $6,601,000 after purchasing an additional 51,976 shares during the period. Bessemer Group Inc. acquired a new position in shares of Meridian Bioscience during the fourth quarter worth $270,000. Algert Global LLC acquired a new position in shares of Meridian Bioscience during the fourth quarter worth $301,000. Alambic Investment Management L.P. lifted its holdings in shares of Meridian Bioscience by 32.3% during the fourth quarter. Alambic Investment Management L.P. now owns 129,300 shares of the company’s stock worth $1,810,000 after purchasing an additional 31,600 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Meridian Bioscience by 2.0% during the fourth quarter. Gabelli Funds LLC now owns 208,000 shares of the company’s stock worth $2,912,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 87.19% of the company’s stock.
Meridian Bioscience Company Profile
Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for various gastrointestinal and viral diseases, respiratory and parasitic infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments.
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