Broadwood Capital Sold Some Questcor Pharmaceuticals Inc (QCOR) Shares

Neal C. Bradsher’s Broadwood Capital dumped some shares of its holding in Questcor Pharmaceuticals Inc (NASDAQ:QCOR), a newly amended filing with the SEC showed. Bradsher now holds 2.99 million shares of the company, which represent 4.9% of the common stock. Broadwood Capital reduced the holding, through selling 50,000 shares of the company in two transactions, at an average price of $66.55 per share.

questcor

 

Broadwood is on a selling streak, the fund has been reducing its holding in Questcor Pharmaceuticals Inc (NASDAQ:QCOR) for some time now. Overall, in several deals, the latest involving the sale of another 20,000 shares, the investor reduced its position in the company by roughly 300,000 shares. Neal C. Bradsher also serves as a director on Questcor’s board.

There are other hedge fund managers who have been bullish about Questcor Pharmaceuticals Inc (NASDAQ:QCOR). However, Broadwood still holds the biggest position in the company.  Jim Simons’ Renaissance Technologies is another significant shareholder owning 874,700 shares of the company. Questcor  had one insider purchase of 3,250 shares in 2013. On the other hand, insiders sold 1.7 million shares in 2013, and 300,000 shares so far in 2014.

Neal C. Bradsher founded Broadwood Capital in 2002 after serving as a portfolio manager for the Whitehall Asset Management Inc. and Campbell Advisors Inc.

Questcor Pharmaceuticals Inc (NASDAQ:QCOR)  is a biotechnology company and provides drugs for the treatment of multiple sclerosis, nephrotic syndrome, and infantile spasms indications. The firm primarily offers H.P.Acthar Gel, a treatment for acute exacerbations of multiple sclerosis in adults. Also, the firm offers Doral for the treatment of insomnia. Questcor Pharmaceuticals Inc (NASDAQ:QCOR) was founded in 1990 and is headquartered in Anaheim, California.

Disclosure: None

Recommended Readings:

Tenaya Capital’s Two Recent Moves: Cyan Inc (CYNI) And Meru Networks, Inc. (MERU)

Billionaire Leon Cooperman’s Recent Moves: Arbor Realty Trust, Inc. (ABR), Atlas Energy LP (ATLS) & Others

Daniel Benton’s Andor Capital Is Fond of Facebook Inc (FB) And Apple Inc. (AAPL) Among Others

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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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!