Ardsley Partners Sells Another 50,000 Shares of Saba Software, Inc. (SABA)

Philip Hempleman‘s Ardsley Partners continues its selling streak of Saba Software, Inc. (OTCMKTS:SABA) shares. In a new filing with the Securities and Exchange Commission, Ardsley Partners reported disposing another 50,000 shares of the company, in one transaction at a price of $12.40 apiece. Following the sale, the fund trimmed the stake to approximately 3.26 million shares.

Saba_logo

The move comes only a couple of days after Ardsley Partners reported another sale of Saba Software Inc. (OTCMKTS:SABA) shares. Previously, the fund cut the holding by 15,000 shares, which have been sold at $12.36 apiece.

With $489 million in its equity portfolio, Ardsley Partners, managed by Philip Hempleman, focuses on growth-oriented value stocks. The fund invests globally. Though it is not very sector focused, its major holdings are in Technology, Services, Healthcare, and Basic Materials sectors.  The fund has invested almost 8% of its equity portfolio in Jazz Pharmaceuticals Inc (NASDAQ:JAZZ). Ardsley Partners owned 423,500 shares of the company, valued at $38.95 million, at the end of the third quarter of 2013. Apart from Jazz Pharmaceuticals, the fund holds a $3814 million stake in United Rentals Inc (NYSE:URI), owning 654,300 shares and a $34.41 million position in Canadian Solar Inc (NASDAQ:CSIQ), which amasses 2.03 million shares.

Saba Software Inc. (OTCMKTS:SABA) is a provider of business-critical software that combines enterprise learning, people management and collaboration technologies. It is now a global leader in cloud-based talent management solutions. The company has battled several legal suits in the past year on account of having to restate its financial results from 2008 to the middle of 2012. However, the stocks have been on a roll recently with the prices touching the 52-week high of $12.50 per share in yesterday’s trading. The company launched its new recruitment offeringRecruiting@Workin December 2013.

Disclosure: none

Recommended Reading:

James Dondero, Highland Capital Management Buy Some Nexpoint Credit Strategies Fund (NHF) Shares

Soros Fund Management Disposes $5.7 Mln of Digital River, Inc. (DRIV) Bonds

Hedge Fund News: Steven Cohen, GLG Partners & Marshall Wace Asset Management

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!