J. Carlo Cannell Acquires Some More Hooper Holmes, Inc. (HH) Shares

J. Carlo Cannell continues his bullish streak on Hooper Holmes, Inc. (NYSEMKT:HH), reporting buying more shares of the company. His fund, Cannell Capital, increased its exposure to Hooper Holmes by some 304,600 shares, holding a total of 10.35 million shares. The new shares have been acquired in four transactions, the average price amounting to $0.54 apiece.

 Carlo Cannell

Over a week ago, Cannell reported acquiring another 96,225 shares. Earlier in October, the fund disclosed a 14.24% stake in Hooper Holmes, Inc. (NYSEMKT:HH), which contained 9.95 million shares. The stock of Hooper Holmes, Inc. (NYSEMKT:HH) gained over 33% since the beginning of the year. In the third quarter, the company reported a net loss of $1.7 million, slightly down from the $2.2 loss posted in the same period of last year. The revenue of the company fell by an annual 11% to $11.0 million. In the latest round of 13F filings, Renaissance Technologies, managed by Jim Simons, also reported ownership of Hooper Holmes, Inc. (NYSEMKT:HH) shares. The stake held by Renaissance contains 869,900 shares, worth $409,000. Ken Griffin's Citadel Investment Group disclosed a $18,000 stake, which contains 39,100 shares. At the same time, Chuck Royce's Royce & Associates closed his stake, which earlier amassed over 1.8 million shares. Cannell reported an $18.5 million position in Global Telecom & Technology, Inc. (NYSEMKT:GTT), which contains 3.5 million shares and is the largest in the fund's equity portfolio, according to the latest 13F. The second largest was the $9.7 million stake in ValueVision Media Inc (NASDAQ:VVTV). However, at the beginning of November, Cannell upped its position in ValueVision to 5.54 million shares, from 2.22 million held at the end of September. In Build-A-Bear Workshop, Inc(NYSE:BBW), Cannell reported owning 1.2 million shares, worth $8.4 million. Recently, Cannell reported slicing its position in Crumbs Bake Shop Inc (NASDAQ:CRMB). The fund currently owns around 1.2 million shares, after reducing its stake by 378,000 shares. Disclosure: none Recommended Reading: Steve Leonard, Pacifica Capital Investments Add to R.G. Barry Corp. (DFZ) Position Edward Lampert, ESL Investments Continue Trimming Their AutoNation, Inc. (AN) Stake Solus Alternative Asset Management Goes Activist on YRC Worldwide (YRCW)    
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