Cannell Capital Further Invests in Hooper Holmes, Inc. (HH)

Cannell Capital, managed by J. Carlo Cannell, revealed in a filing that it has bought 18,076 shares of Hooper Holmes, Inc. (NYSEMKT:HH), and now holds 10.78 million common stock of the company.

Carlo Cannell

In December, Cannell Capital, boosted its position in Hooper Holmes, Inc. (NYSEMKT:HH) by purchasing 638,500 shares in several transaction within a span of ten days. Carlo Cannell, first revealed its ownership in Hooper Holmes, Inc. (NYSEMKT:HH), in October, when it disclosed ownership of 9.95 million shares.

Hooper Holmes, Inc. (NYSEMKT:HH) provides health risk assessment and works in health and life insurance industries. The company posted a 11.0 million of consolidated revenues $11.0 million, versus $12.3 million in the third quarter of 2012, representing a decline of 11%.

Cannell Capital, Ken Griffin’s Citadel Investment Group is another hedge fund, which held 39,108 shares of Hooper Holmes at the end of September 2013.

Last month, Cannell Capital revealed trimming its stake in Crumbs Bake Shop Inc (NASDAQ:CRMB) to 896,600 shares from 1.03 million held earlier, the fund’s stake is activist by nature in Crumbs Bake.

Earlier, Cannell also edged down its position in ValueVision Media Inc (NASDAQ:VVTV) by selling 4,200 shares and now holds 3.1 million shares. In November, the fund sliced its position in ZipRealty, Inc. (NASDAQ:ZIPR) to 1.01 million shares from 1.15 million shares held earlier. On the same day the fund also revealed closing its position in Multiband Corp (NASDAQ:MBND), after the company was acquired by Goodman Networks, Inc.

Cannell Capital, initiated a position in GTT Communications Inc (NYSEMKT:GTT), in the third quarter of 2013, and held 3.46 million shares at the end of the quarter. GTT Communications is the largest holding in terms of value in Cannell’s equity portfolio.

Disclosure: none

Recommended reading:

Johnson & Johnson (JNJ), Ocean Rig UDW Inc. (ORIG) Among Tigershark Partners’ Top Picks

Citadel Investment Group Initiates Stake in Home Company Inc (NWHM); Raises Holding in Ralph Lauren Corp (RL)

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!