Hal Mintz And Sabby Capital Disclose New Investments In StemCells Inc (STEM) And Skystar Bio-Pharmaceutical Company (SKBI)

Hal Mintz, the manager of Sabby Capital, believes StemCells Inc (NASDAQ:STEM) is a good investment and has opened a position for his fund. According a recent filing with the Securities and Exchange Commission, Sabby Capital has acquired 6.85 million shares, which account for approximately 9.98% of the total number of shares outstanding.

StemCells Inc (NASDAQ:STEM)

Ken Griffin, the billionaire hedge fund manager, also likes StemCells Inc (NASDAQ:STEM) and has increased his fund’s stake in the company by 133% during the first quarter of this year. In its latest 13F filing, Citadel has reported ownership of approximately 25,500 shares. David E. Shaw, on the other hand, has chosen to reduce his fund’s investment in this stock by a half to 21,600 shares. Joseph Edelman, the manager of Perceptive Advisors, is also keeping tabs on StemCells Inc (NASDAQ:STEM) having made no changes to their investment during the first quarter. Perceptive Advisors holds a little more than 271,000 shares.

Skystar Bio-Pharmaceutical Company (NASDAQ:SKBI) is another new addition to the equity portfolio of Sabby Capital. Mintz has bought approximately 858,500 shares, which gives him and Sabby Capital control over 9.99% of the total number of shares outstanding.

None of the hedge funds that we track currently holds a position in Skystar Bio-Pharmaceutical Company (NASDAQ:SKBI). For the first quarter of 2014, the company posted revenues of $6.83 million, up 23% year-over-year, and earnings per share (EPS) of $0.13.  So far this year the stock has been trending upwards and has advanced 52% to a current price of $5.31 per share. This gives the company a market cap of $40.4 million. The stock is traded at a trailing Price to Earnings of 3.xx, which is significantly lower than the industry average of 21.60.

Skystar Bio-Pharmaceutical Company (NASDAQ:SKBI) recently announced an agreement with a dedicated institutional investor to acquire $5 million worth of registered securities. The proceedings are to be used by Skystar for corporate purposes and research and development.

Disclosure: none.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands 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!