Nantahala Capital Management Buys Into Scientific Learning Corporation (SCIL)

Wilmot B. Harkey and Daniel Mack‘s Nantahala Capital Management opened a 4.8 million share position in the education company Scientific Learning Corporation (OTCMKTS:SCIL) according to a 13G filing. With the purchase, Nantahala now owns 19% of Scientific Learning Corporation’s outstanding shares.

Scientific Learning Corporation

Scientific Learning Corporation provides on-premise software solutions to K-12 schools. SCIL’s software is developed based on the company’s insight into learning and is used in more than 40 countries around the world. The company’s products include Fast ForWord, which “develops and strengthens memory, attention, processing rate, and sequencing—the cognitive skills essential for reading intervention program success,” and Reading Assistant, which uses a simple, but effective method: Students preview and read the text while listening to model readings. Following this, students answer questions and read text aloud.

In recent company-related news: On December 20 of last year, Scientific Learning Corporation (OTCMKTS:SCIL) acquired a number of patents from Posit Science Corporation in exchange for a reduction in royalty fees.

Nantahala Capital’s portfolio primarily invests in small cap stocks and fixed-income instruments. Managers Harkey and Mack’s largest long positions are in LinkedIn Corp (NYSE:LNKD) and SunCoke Energy Inc. (NYSE:SXC) Nantahala owns 65,000 shares of LinkedIn Corp, which makes up 3.58% of its portfolio. The fund’s position in Suncoke stands at more than 769,000 shares and makes up 2.9% of the fund’s portfolio.

Recently, Douglas T. Granat‘s fund Trigran Investments has sold a part of its holding in Scientific Learning Corporation (OTCMKTS:SCIL). According to SEC filings, Trigran sold a total of 1.0 million shares, reducing its position in the company to 5.69 million shares. The securities were sold in two transactions, the price amounting to $0.15 apiece.

Disclosure: none

Recommended Reading:

Elliott Management Reports New 6.2% Stake in Juniper Networks, Inc. (JNPR); Proposes Measures to Increase Stock Price to $35/Share 

Prem Watsa, Fairfax Acquire Some Shares of BlackBerry Ltd (BBRY) for Investment Purposes

Visium Asset Management Ups Stake in Skyrocketing Intercept Pharmaceuticals Inc (ICPT)

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!