Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) Director Adam K. Stern Purchases 15,000 Shares

Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) Director Adam K. Stern acquired 15,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was bought at an average price of $0.82 per share, for a total transaction of $12,300.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Matinas BioPharma stock traded down $0.03 during trading hours on Tuesday, hitting $0.81. The company had a trading volume of 618,585 shares, compared to its average volume of 1,041,284. Matinas BioPharma Holdings Inc has a fifty-two week low of $0.32 and a fifty-two week high of $1.50.

Matinas BioPharma (NYSEAMERICAN:MTNB) last released its quarterly earnings data on Monday, May 13th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01).

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vivo Capital LLC acquired a new position in shares of Matinas BioPharma during the 1st quarter worth $7,432,000. Broadfin Capital LLC acquired a new position in shares of Matinas BioPharma during the 1st quarter worth $2,973,000. Victory Capital Management Inc. acquired a new position in shares of Matinas BioPharma during the 1st quarter worth $1,867,000. J. Goldman & Co LP acquired a new position in shares of Matinas BioPharma during the 1st quarter worth $1,139,000. Finally, BlackRock Inc. increased its stake in shares of Matinas BioPharma by 107.7% during the 1st quarter. BlackRock Inc. now owns 603,583 shares of the company’s stock worth $658,000 after purchasing an additional 312,994 shares during the last quarter.

Several research firms have weighed in on MTNB. Zacks Investment Research lowered shares of Matinas BioPharma from a “buy” rating to a “sell” rating in a research note on Wednesday, May 22nd. BTIG Research began coverage on shares of Matinas BioPharma in a research note on Friday, May 17th. They issued a “buy” rating and a $5.00 price objective on the stock. Maxim Group reiterated a “buy” rating and issued a $5.00 price objective on shares of Matinas BioPharma in a research note on Thursday, May 16th. Finally, Roth Capital began coverage on shares of Matinas BioPharma in a research note on Monday, February 11th. They issued a “buy” rating and a $4.75 price objective on the stock.

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About Matinas BioPharma

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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