Simulations Plus, Inc. (SLP) to Issue Quarterly Dividend of $0.05

Simulations Plus, Inc. (NASDAQ:SLP) announced a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Investors of record on Friday, July 28th will be given a dividend of 0.05 per share by the technology company on Friday, August 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, July 26th.

Simulations Plus (NASDAQ SLP) traded down 2.41% during mid-day trading on Friday, hitting $14.20. 42,803 shares of the company traded hands. The company’s 50-day moving average price is $14.17 and its 200 day moving average price is $11.94. Simulations Plus has a one year low of $7.90 and a one year high of $16.15. The company has a market capitalization of $244.88 million, a price-to-earnings ratio of 45.08 and a beta of -0.71.

Simulations Plus (NASDAQ:SLP) last released its quarterly earnings data on Friday, July 14th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $6.75 million during the quarter, compared to the consensus estimate of $6.48 million. Simulations Plus had a return on equity of 23.21% and a net margin of 24.86%. On average, analysts anticipate that Simulations Plus will post $0.32 earnings per share for the current fiscal year.

SLP has been the subject of several recent analyst reports. Zacks Investment Research raised Simulations Plus from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, July 25th. BidaskClub downgraded Simulations Plus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.

In related news, President Thaddeus Henry Grasela, Jr. sold 37,031 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $11.63, for a total value of $430,670.53. Following the sale, the president now owns 426,852 shares in the company, valued at approximately $4,964,288.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Argenio David Z. D sold 21,326 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $11.59, for a total value of $247,168.34. Following the completion of the sale, the director now owns 43,775 shares in the company, valued at approximately $507,352.25. The disclosure for this sale can be found here. In the last three months, insiders sold 93,743 shares of company stock valued at $1,154,108. 36.93% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of SLP. California State Teachers Retirement System acquired a new stake in Simulations Plus during the second quarter worth $240,000. The Manufacturers Life Insurance Company boosted its position in Simulations Plus by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock valued at $110,000 after buying an additional 1,085 shares during the last quarter. Finally, State Street Corp boosted its position in Simulations Plus by 432.6% in the second quarter. State Street Corp now owns 131,012 shares of the technology company’s stock valued at $1,617,000 after buying an additional 106,412 shares during the last quarter. Institutional investors and hedge funds own 30.09% of the company’s stock.

About Simulations Plus

Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.