Dimensional Fund Advisors LP Buys 16,362 Shares of Simulations Plus, Inc. (SLP)

Dimensional Fund Advisors LP increased its position in Simulations Plus, Inc. (NASDAQ:SLP) by 4.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 368,194 shares of the technology company’s stock after buying an additional 16,362 shares during the period. Dimensional Fund Advisors LP owned about 2.14% of Simulations Plus worth $4,326,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Crawford Investment Counsel Inc. boosted its position in shares of Simulations Plus by 1.3% in the first quarter. Crawford Investment Counsel Inc. now owns 405,403 shares of the technology company’s stock worth $4,763,000 after buying an additional 5,328 shares during the period. Telos Capital Management Inc. bought a new position in shares of Simulations Plus during the first quarter worth approximately $246,000. William Blair Investment Management LLC bought a new position in shares of Simulations Plus during the first quarter worth approximately $878,000. Cadence Capital Management LLC boosted its position in shares of Simulations Plus by 59.3% in the first quarter. Cadence Capital Management LLC now owns 104,624 shares of the technology company’s stock worth $1,229,000 after buying an additional 38,955 shares during the period. Finally, Spark Investment Management LLC boosted its position in shares of Simulations Plus by 70.9% in the first quarter. Spark Investment Management LLC now owns 30,600 shares of the technology company’s stock worth $359,000 after buying an additional 12,700 shares during the period. Hedge funds and other institutional investors own 32.01% of the company’s stock.

Shares of Simulations Plus, Inc. (SLP) traded down 0.70% during trading on Monday, hitting $14.20. The stock had a trading volume of 7,414 shares. The firm’s 50-day moving average is $14.38 and its 200 day moving average is $12.10. Simulations Plus, Inc. has a 52-week low of $8.03 and a 52-week high of $16.15. The firm has a market cap of $244.88 million, a price-to-earnings ratio of 45.08 and a beta of -0.71.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings results on Friday, July 14th. The technology company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ 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 expect that Simulations Plus, Inc. will post $0.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 28th were issued a $0.05 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $0.20 annualized dividend and a yield of 1.40%. Simulations Plus’s dividend payout ratio (DPR) is presently 62.50%.

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SLP has been the subject of a number of recent research reports. Zacks Investment Research upgraded Simulations Plus from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub cut Simulations Plus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.

In other Simulations Plus news, CEO Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $15.07, for a total value of $278,795.00. Following the completion of the transaction, the chief executive officer now directly owns 5,684,916 shares in the company, valued at approximately $85,671,684.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 36.93% 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.