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)

 

 

blog comments powered by Disqus
Insider Monkey Headlines
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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!