Catalina Capital Group LLC Has $37,000 Stock Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Catalina Capital Group LLC boosted its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 51.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,088 shares of the company’s stock after buying an additional 8,172 shares during the quarter. Catalina Capital Group LLC’s holdings in Olaplex were worth $37,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position in shares of Olaplex by 2,108.4% during the 4th quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock worth $26,000 after buying an additional 9,593 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Olaplex during the 4th quarter worth $46,000. Greenleaf Trust bought a new stake in shares of Olaplex during the 4th quarter valued at $61,000. Walleye Trading LLC acquired a new position in shares of Olaplex in the 1st quarter valued at $53,000. Finally, SG Americas Securities LLC bought a new position in shares of Olaplex in the 2nd quarter worth $43,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Olaplex Trading Down 1.2 %

OLPX stock traded down $0.03 during midday trading on Friday, hitting $2.38. 2,216,935 shares of the company’s stock were exchanged, compared to its average volume of 2,228,131. Olaplex Holdings, Inc. has a one year low of $1.19 and a one year high of $2.98. The stock’s fifty day moving average price is $1.80 and its 200-day moving average price is $1.76. The company has a market cap of $1.58 billion, a PE ratio of 34.00 and a beta of 2.42. The company has a debt-to-equity ratio of 0.75, a quick ratio of 7.85 and a current ratio of 9.27.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Olaplex had a return on equity of 11.16% and a net margin of 10.95%. The business had revenue of $103.90 million for the quarter, compared to analysts’ expectations of $103.65 million. During the same quarter in the previous year, the business posted $0.03 EPS. Olaplex’s revenue for the quarter was down 4.9% on a year-over-year basis. Research analysts predict that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OLPX shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a report on Tuesday, August 6th. TD Cowen increased their price target on shares of Olaplex from $1.80 to $2.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $2.18.

Insider Activity

In related news, Director John P. Bilbrey acquired 183,493 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the acquisition, the director now directly owns 241,593 shares in the company, valued at approximately $495,265.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.