Deerfield Ups Stake In Trivascular Technologies Inc (TRIV)

Deerfield Management, managed by James E. Flynn, has revealed raising its position in Trivascular Technologies Inc (NASDAQ:TRIV). According to a new filing with the Securities and Exchange Commission, Deerfield now owns around 1.70 million shares of the company, up from 632,700 shares the fund disclosed last week. The stake is passive by nature and represents 8.38% of common stock. Deerfield has purchased around1.07 million shares of the company at an average price of $12.00 apiece.

Trivascular

California-based Trivascular Technologies Inc (NASDAQ:TRIV) is a medical device company developing and commercializing innovative technologies to significantly advance minimally invasive treatment of abdominal aortic aneurysms. The company has a market cap of $259.4 million and its stock trades at $13.30.

Trivascular Technologies Inc (NASDAQ:TRIV) has recently closed its initial public offering of 7.48 million shares of common stock offered at a public offering price of $12.00 per share. The offering ALSO included 975,000 shares sold pursuant to the underwriter’s option to purchase additional shares.

Deerfield is a healthcare focused investment company that specializes in funding R&D, managing hostile takeovers, corporate transitions and financial advisory services, having $3.5 billion in assets. This month, Deerfield reported raising its stake in Insmed Incorporated (NASDAQ:INSM), holding 3.04 million shares of the company. At the beginning of April, the fund disclosed boosting its stake in Streamline Health Solutions Inc. (NASDAQ:STRM) to 1.14 million shares from 325,000 shares reported earlier.

In addition, Deerfield initiated positions in several healthcare companies, including Cara Therapeutics Inc. (NASDAQ:CARA), in which the fund disclosed ownership of 350,000 shares. The fund also increased their stake Alphatec Holdings Inc (NASDAQ:ATEC) to 14.2 million shares. In March, Deerfield reported upping its stake in OvaScience Inc (NASDAQ:OVAS) to 1.8 million shares from 605,600 shares held at the end of the fourth quarter of 2013.

Disclosure: none

Recommended Reading:

Whitebox Advisors Cuts Its Stake In Dune Energy Inc (DUNR)

Was Kerrisdale Capital’s Bet on JGWPT Holdings Inc (JGW) a Mistake?

Greenlight Capital 2014 Q1 Investor Letter

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 Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!