Aveo Capital Partners LLC increased its stake in shares of ARCA biopharma, Inc. (NASDAQ:ABIO) by 93.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,667 shares of the biopharmaceutical company’s stock after buying an additional 45,322 shares during the period. Aveo Capital Partners LLC owned approximately 1.01% of ARCA biopharma worth $225,000 at the end of the most recent reporting period.
Shares of ARCA biopharma, Inc. (NASDAQ ABIO) traded up 2.000% during mid-day trading on Friday, hitting $1.275. The stock had a trading volume of 86,575 shares. The firm’s market cap is $14.98 million. ARCA biopharma, Inc. has a 12-month low of $1.13 and a 12-month high of $3.11. The company has a 50 day moving average price of $2.08 and a 200 day moving average price of $2.37.
ARCA biopharma (NASDAQ:ABIO) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.59) earnings per share (EPS) for the quarter. Equities analysts forecast that ARCA biopharma, Inc. will post ($1.75) earnings per share for the current fiscal year.
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ARCA biopharma Company Profile
ARCA biopharma, Inc (ARCA) is a biopharmaceutical company. The Company is principally focused on developing genetically-targeted therapies for cardiovascular diseases. The Company’s lead product candidate is Gencaro (bucindolol hydrochloride), a beta-blocker and mild vasodilator that the Company is evaluating in a clinical trial for the treatment of atrial fibrillation (AF) in patients with heart failure with reduced left ventricular ejection fraction (HFREF).
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