Sharps Compliance Corp (NASDAQ:SMED): Stock Institutional Investors Are Happy About

July 14, 2018 - By Michael Collier

Sharps Compliance Corp. (NASDAQ:SMED) Logo

Sentiment for Sharps Compliance Corp (NASDAQ:SMED)

Sharps Compliance Corp (NASDAQ:SMED) institutional sentiment increased to 2 in 2018 Q1. Its up 1.00, from 1 in 2017Q4. The ratio is better, as 18 investment managers increased and started new positions, while 9 decreased and sold their stakes in Sharps Compliance Corp. The investment managers in our partner’s database reported: 3.74 million shares, down from 3.87 million shares in 2017Q4. Also, the number of investment managers holding Sharps Compliance Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 4 Increased: 13 New Position: 5.

Sharps Compliance Corp. provides medical, pharmaceutical, and hazardous waste management services in the United States. The company has market cap of $58.86 million. It offers Sharps Recovery System for the containment, transportation, treatment, and tracking of medical waste and used healthcare materials generated outside the hospital and health care facility settings; TakeAway Medication Recovery System, a solution that facilitates the proper disposal of unused medications; MedSafe, a solution for the safe collection, transportation, and proper disposal of unwanted and expired prescription medications; and ComplianceTRAC, a Web compliance and training program. It has a 457.5 P/E ratio. The firm also provides Route-Based Pickup Service, a waste management service, which offers medical and hazardous waste pick-up services; TakeAway Recycle System, a solution for the collection and recycling of single-use medical devices from surgical centers and other healthcare facilities; and Universal Waste Shipback Systems, a solution for the collection, transportation, and recycling of light bulbs, batteries, and other mercury containing devices.

The stock decreased 2.40% or $0.09 during the last trading session, reaching $3.66. About 858 shares traded. Sharps Compliance Corp. (NASDAQ:SMED) has declined 7.56% since July 14, 2017 and is downtrending. It has underperformed by 20.13% the S&P500.

Analysts await Sharps Compliance Corp. (NASDAQ:SMED) to report earnings on August, 9. They expect $0.03 EPS, down 25.00 % or $0.01 from last year’s $0.04 per share. SMED’s profit will be $482,459 for 30.50 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual EPS reported by Sharps Compliance Corp. for the previous quarter, Wall Street now forecasts -160.00 % EPS growth.

Goodman Financial Corp holds 2.06% of its portfolio in Sharps Compliance Corp. for 964,030 shares. Thompson Davis & Co. Inc. owns 48,894 shares or 0.59% of their US portfolio. Moreover, Quantum Capital Management has 0.16% invested in the company for 148,593 shares. The Connecticut-based Lapides Asset Management Llc has invested 0.13% in the stock. North Star Investment Management Corp., a Illinois-based fund reported 238,250 shares.

Sharps Compliance Corp. (NASDAQ:SMED) Ratings Coverage

Ratings analysis reveals 50% of Sharps Compliance Corp’s analysts are positive. Out of 2 Wall Street analysts rating Sharps Compliance Corp, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. SMED was included in 2 notes of analysts from April 26, 2018. The rating was downgraded by Stifel Nicolaus to “Hold” on Monday, April 30.

Sharps Compliance Corp. (NASDAQ:SMED) Institutional Positions Chart

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