A recent 13G filing with the US Securities and Exchange Commission revealed that Glenn J. Krevlin‘s Glenhill Advisors raised its stake in Dynavax Technologies Corp (NASDAQ:DVAX) to 2.11 million shares, which represent 5.5% of the float. The fund’s stake was raised from 1.29 million shares reported in its last 13F filing (for the end of June).
Dynavax Technologies Corporation is a clinical-stage biopharmaceutical company engaged in developing various therapeutics for the treatment of various illnesses, such as cancer, and autoimmune and inflammatory diseases. Year-to-date, the company’s stock is down by 49.88%. For the second quarter of 2016, Dynavax Technologies disclosed a loss per share of $0.75, missing the estimates of a loss per share of $0.68, and revenue of $2.65 million, topping the estimates of $1.19 million.
There has been a lot of analyst’ ratings activity on Dynavax Technologies’ stock lately; William Blair reiterated its ‘Buy’ rating with a price target of $45, and RBC Capital Markets reiterated its ‘Sector Perform’ rating on it, with a price target of $16. Cowen and Company reiterated its ‘Outperform’ rating with a price target of $45, and S&P Equity Research boosted its price target on the stock to $16.01 from $11.28.
The number of hedge funds from our database long Dynavax Technologies (NASDAQ:DVAX) decreased by six recently, and at the end of June, there were 23 investors bullish on the stock. Among them were Richard Mashaal’s Rima Senvest Management with a position worth around $14.55 million, Kevin Kotler’s Broadfin Capital, which held a position valued at $7.99 million, Scott Scher & Michael Prober’s Clovis Capital Management, Brian Ashford-Russell And Tim Woolley’s Polar Capital, and Hal Mintz’s Sabby Capital.
Investors who lost optimism for investing in Dynavax Technologies (NASDAQ:DVAX) and decided to sell their positions during the June quarter encompassed Richard Driehaus’ Driehaus Capital, which dumped its position valued at the end of March at $2.92 million, Emmanuel Ferreira’s Convector Capital, which said goodbye to a position worth around $963,000, and Paul Marshall And Ian Wace’s Marshall Wace LLP.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Glenn J. Krevlin||1,547,865||560,899||2,108,764||0||2,108,764||5.5%|
|Glenhill Capital Advisors||0||2,108,764||0||2,108,764||2,108,764||5.5%|
|Glenhill Capital Management||0||1,547,865||0||1,547,865||1,547,865||4.0%|
Page 1 of 9 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
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September 7, 2016
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