Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) fell 7.4% on Friday . The stock traded as low as $1.10 and last traded at $1.13. 1,580,112 shares were traded during mid-day trading, an increase of 30% from the average session volume of 1,219,598 shares. The stock had previously closed at $1.22.
Separately, Roth Capital initiated coverage on shares of Matinas BioPharma in a report on Monday, February 11th. They set a “buy” rating and a $4.75 target price on the stock.
Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in Matinas BioPharma by 222.0% in the 4th quarter. IFP Advisors Inc now owns 1,775,000 shares of the company’s stock valued at $1,083,000 after buying an additional 1,223,828 shares during the period. Private Advisor Group LLC raised its holdings in Matinas BioPharma by 100.4% in the 4th quarter. Private Advisor Group LLC now owns 49,850 shares of the company’s stock valued at $30,000 after buying an additional 24,978 shares during the period. Renaissance Technologies LLC raised its holdings in Matinas BioPharma by 325.6% in the 3rd quarter. Renaissance Technologies LLC now owns 134,900 shares of the company’s stock valued at $124,000 after buying an additional 103,200 shares during the period. Virtu Financial LLC purchased a new stake in Matinas BioPharma in the 4th quarter valued at about $39,000. Finally, Northern Trust Corp raised its holdings in Matinas BioPharma by 18.9% in the 4th quarter. Northern Trust Corp now owns 182,641 shares of the company’s stock valued at $109,000 after buying an additional 29,072 shares during the period.
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About Matinas BioPharma (NYSEAMERICAN:MTNB)
Matinas BioPharma Holdings, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of various product candidates. The company enables the delivery of life-changing medicines using its lipid nano-crystal (LNC) platform technology. Its LNC delivery technology platform utilizes lipid nano-crystals which can encapsulate small molecules, oligonucleotides, vaccines, peptides, proteins and other medicines potentially making them safer, more tolerable, less toxic, and orally bioavailable.
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