Insider Trading: Samuel Isaly’s Orbimed Advisors is Selling $ANTH

Samuel Isaly’s Orbimed Advisors filed for its recent insider sales in Anthera Pharmaceuticals Inc (ANTH) on November 18th. According to the filing, Orbimed Advisors sold 52 thousand shares in ANTH from November 16 to 18. The average selling price per share was about $6.76. After that Orbimed Advisors still remains 2.89 million shares in its ANTH position, corresponding to a 6.88% activist stake ownership. This is the second insider filing in ANTH revealed by Orbimed Advisors after the third quarter. Before November 16th, Orbimed Advisors sold 60 thousand shares at about $6.94 per share. Orbimed Advisors did not change its position during the third quarter when the firm took 3 million shares in the stock. ANTH has gained 24% so far in 2011. The stock is now trading at $6.05.

Fourteen hedge funds were bullish about ANTH based on their positions in the second quarter. Beside Orbimed Advisors’ largest stake among the hedge funds, Jacob Gottlieb’s Visium Asset Management increased its position by 19% to 1.91 million shares. Roberto Mignone’s Bridger Management took the third with its 1.33 million shares position.

BRIDGER MANAGEMENT

Orbimed is the world’s largest healthcare-dedicated investment firm. The firm has with approximately $5 billion in assets under management. The firm was founded in 1989 with a vision to invest across the spectrum of healthcare companies. The firm manages a series of venture capital funds and public equity investment funds.

Anthera Pharmaceuticals, Inc. is a biopharmaceutical company. The company focuses on developing and commercializing products to treat serious diseases including cardiovascular and autoimmune diseases. The company had one Phase 3 clinical program and two Phase 2 clinical programs as of December 2010. Anthera Pharmaceuticals, Inc. was founded in 2004 and is headquartered in Hayward, California.

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

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

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

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!