Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Cannell Capital Raises Holding in Hooper Holmes, Inc. (HH) Even Higher

Cannell Capital, a hedge fund led by J. Carlo Cannell, has acquired some more shares of Hooper Holmes, Inc. (NYSEMKT:HH). According to a new filing with the SEC, Cannell raised its position in Hooper to a total of over 10.68 million shares, via acquiring some 143,100 shares. The stock was purchased in two transactions, the price amounting to $0.51 per share.

Carlo Cannell

Hooper Holmes, Inc. (NYSEMKT:HH) had around 70.1 million shares outstanding, at the end of October, according to its latest 10-Q report. In this way, Cannell’s holding currently amasses around 15.2% of the company’s common stock. The fund has been loading on Hooper Holmes shares during the past couple of months.

Cannell revealed in its latest 13F owning around 9.95 million shares of Hooper Holmes, Inc. (NYSEMKT:HH) at the end of September, the holding being increased by 11% over the quarter. In some earlier filings, the fund disclosed purchasing 304,600 shares,  27,200 shares, and 163,600 respectively, the last transaction being reported last week.

Since Cannell is a hedge fund with a strong focus on small-cap companies, so the $35.7 million market cap Hooper Holmes, Inc. (NYSEMKT:HH) falls under this category. The stock has been gaining ground, and since the beginning of the year advanced by over 28%. The company reported a decline in its revenues by 11% on the year to $11 million in the third quarter. The net loss of the company, however improved and totaled $1.7 million, versus a loss of $2.2 million in the same period of last year.

Renaissance Technologies, managed by Jim Simons is another hedge fund, which holds 869,900 shares of Hooper Holmes, Inc. (NYSEMKT:HH), worth $409,000 as of the end of September. Ken Griffin‘s Citadel Investment Group disclosed an $18,000 stake, which amasses 39,108 shares, the position being initiated during the third quarter.

While Cannell keeps his ‘bulishness’ on Hooper Holmes, Inc. (NYSEMKT:HH), he has been trimming some of his other holdings. One of them is Crumbs Bake Shop Inc (NASDAQ:CRMB), in which Cannell recently revealed cutting its position to 1.2 million shares, after selling 378,000 shares.

Disclosure: none

Recommended Reading:

Nelson Peltz, Trian Partners Reveal New Position in Ingersoll-Rand PLC (IR)’s Spin-Off Allegion PLC (ALLE)

Mario Gabelli Increases Holding in Layne Christensen Company (LAYN)

Keith Meister, Corvex Capital Are Bullish on Fidelity National Financial Inc (FNF)

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!