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.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!