Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) Reported Its Operating Results

625

Dallas, Texas 11/19/2013 (Financialstrend) – Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) reported its operating results for the 2013 Q3. It reported GAAP net-income attributable to its common shareholders of $3.4M, or $0.16/ common share-diluted, and $5.1M, or $0.23/ common share-diluted, for the 3 and 9 months that ended 30th September 2013, respectively, in comparison to the GAAP net-loss attributable to the common shareholders of $2.3M, or $0.11/ common share-diluted & net-income attributable to its common shareholders of $25.6M, or $1.23/ common share-diluted, for the 3 and 9 months that ended 30th September, 2012, respectively. Included in this GAAP net income attributable to its common shareholders for the 9 months that ended 30th September 2012, was a $32.7M gain, net of tax, on the sale of the its credit-loan manager.

Monday’s trading

In Monday’s trading session, Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) rose by 16.87%. The shares opened at a price of $1.93, which touched the intraday high of $2.07 and headed to a close of $1.87. Around 5.87 million exchanged hands over the trading day and an average volume of 2.30 million shares were traded over a 30 day period. The 52-week low of Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) shares is $0.04 and its 52-week high is $3.65. The company has a market capitalization of $98.91 million.

About the company

Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) is a specialized asset-management company. It is involved in evaluating, originating services & managing investment opportunities via its real estate, commercial-finance & financial fund management-subsidiaries. It seeks to develop the investment funds for its outside investors, for which the company provides asset-management services, under the long-term management arrangements either via a contract with, or as a manager / general partner of its sponsored-investment funds. Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) maintains an investment in the funds that are sponsored by it.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.