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

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!