biote Corp. (NASDAQ:BTMDW – Get Rating) major shareholder Roystone Capital Management Lp acquired 375,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 7th. The stock was acquired at an average price of $3.25 per share, with a total value of $1,218,750.00. Following the completion of the transaction, the insider now directly owns 2,971,566 shares in the company, valued at approximately $9,657,589.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
biote Price Performance
Shares of BTMDW opened at $0.34 on Monday. The company has a 50 day simple moving average of $0.36. biote Corp. has a 52-week low of $0.05 and a 52-week high of $1.23.
Get biote alerts:Hedge Funds Weigh In On biote
Institutional investors and hedge funds have recently modified their holdings of the business. LMR Partners LLP boosted its position in biote by 40.6% during the 3rd quarter. LMR Partners LLP now owns 325,193 shares of the company's stock worth $1,392,000 after acquiring an additional 93,943 shares during the last quarter. BBR Partners LLC bought a new stake in biote in the 3rd quarter valued at $44,000. Cowen AND Company LLC bought a new stake in biote in the 4th quarter valued at $44,000. Jefferies Financial Group Inc. bought a new position in biote during the 4th quarter worth $75,000. Finally, Meteora Capital LLC increased its position in biote by 3,889.3% during the 4th quarter. Meteora Capital LLC now owns 461,278 shares of the company's stock worth $138,000 after buying an additional 449,715 shares during the period.
biote Company Profile
(Get Rating)
biote Corp. operates in medical practice-building business within the hormone optimization space. The company offers a platform for Biote-certified practitioners to optimize imbalances in their patient's hormone, vitamin, and mineral levels, as well as prescribe bioidentical hormone therapies and recommend dietary supplements.
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