Simulations Plus, Inc. to Issue Quarterly Dividend of $0.06 (NASDAQ:SLP)

Simulations Plus, Inc. (NASDAQ:SLP) declared a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Shareholders of record on Friday, January 26th will be paid a dividend of 0.06 per share by the technology company on Friday, February 2nd. This represents a $0.24 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 25th.

Shares of Simulations Plus (NASDAQ:SLP) traded up $0.25 during trading hours on Friday, hitting $15.95. The stock had a trading volume of 115,123 shares, compared to its average volume of 47,282. Simulations Plus has a one year low of $9.45 and a one year high of $17.45. The firm has a market capitalization of $275.82, a price-to-earnings ratio of 45.57 and a beta of -0.74.

Simulations Plus (NASDAQ:SLP) last issued its earnings results on Tuesday, January 9th. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Simulations Plus had a return on equity of 24.56% and a net margin of 23.78%. The company had revenue of $7.07 million for the quarter, compared to analyst estimates of $6.57 million. sell-side analysts anticipate that Simulations Plus will post 0.4 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. BidaskClub raised Simulations Plus from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded Simulations Plus from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th.

In related news, Chairman Walter S. Woltosz sold 18,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $16.25, for a total transaction of $300,625.00. Following the completion of the sale, the chairman now owns 5,502,416 shares in the company, valued at $89,414,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 55,500 shares of company stock valued at $893,180 in the last quarter. 33.45% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in Simulations Plus by 13.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock worth $110,000 after buying an additional 1,085 shares in the last quarter. California State Teachers Retirement System bought a new stake in Simulations Plus during the second quarter worth $240,000. Finally, State Street Corp grew its holdings in Simulations Plus by 432.6% during the second quarter. State Street Corp now owns 131,012 shares of the technology company’s stock worth $1,617,000 after buying an additional 106,412 shares in the last quarter. Institutional investors and hedge funds own 33.42% of the company’s stock.

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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.

Dividend History for Simulations Plus (NASDAQ:SLP)

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