NewLink Genetics Corp (NLNK) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP trimmed its stake in shares of NewLink Genetics Corp (NASDAQ:NLNK) by 35.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,093 shares of the biotechnology company’s stock after selling 42,674 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NewLink Genetics were worth $795,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. grew its holdings in NewLink Genetics by 337.3% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 328,000 shares of the biotechnology company’s stock worth $3,339,000 after acquiring an additional 253,000 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in NewLink Genetics by 207.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 311,927 shares of the biotechnology company’s stock worth $3,176,000 after acquiring an additional 210,360 shares during the last quarter. American Century Companies Inc. bought a new stake in NewLink Genetics during the 3rd quarter worth approximately $963,000. Tudor Investment Corp ET AL bought a new stake in NewLink Genetics during the 2nd quarter worth approximately $286,000. Finally, Alliancebernstein L.P. grew its holdings in NewLink Genetics by 88.6% during the 2nd quarter. Alliancebernstein L.P. now owns 61,300 shares of the biotechnology company’s stock worth $451,000 after acquiring an additional 28,800 shares during the last quarter. Institutional investors and hedge funds own 52.68% of the company’s stock.
Shares of NewLink Genetics Corp (NLNK) opened at $6.81 on Friday. NewLink Genetics Corp has a 12 month low of $5.90 and a 12 month high of $25.17. The company has a market cap of $221.91, a price-to-earnings ratio of -2.79 and a beta of 1.15.
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NewLink Genetics Profile
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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