Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Palomar Medical Technologies Inc (PMTI) Is A New Pick of This Hedge Fund

Page 1 of 2

This just in, Paul Glazer’s Glazer Capital reported a purchase of 1,073,584 shares of Palomar Medical Technologies Inc (NASDAQ:PMTI) in a 13G filing with the Securities and Exchange Commission. In total the holding in Palomar Medical Technologies is currently valued at about $14.5 million at the current price of the company’s stock. This is a new position in Glazer Capital’s 13F portfolio and it represents 5.4% of Palomar.

Looking at the entire picture, 13Gs indicate the intentions of passive fund managers. These “hedgies” aren’t exposed to an equal amount of chatter as their activist peers, but passive managers should be watched as well.

In other words, it’s very extremely important for retail investors to pay attention to Paul Glazer’s latest investment into Palomar Medical Technologies Inc (NASDAQ:PMTI).

While investors watch a variety of equity-based metrics, there’s one that is particularly important: consensus sentiment of the world’s best money managers.

Empirical studies have demonstrated that “monkeys” who copy specific hedge fund activity can out-jump, their index-focused peers by an average of 18 percentage points per year. (Learn more details about our strategy here)


Looking in at Palomar Medical Technologies Inc (NASDAQ:PMTI), we can see that … other hedge funds were bullish on Company in the latest round of 13F filings. In particular, Jim Simons’ Renaissance Technologies, Gamco Investors managed by Mario Gabelli, and Cliff Asness’ Aqr Capital Management were in Palomar Medical Technologies, which is some of the best company anyone can be in the same vicinity as. As follows, Renaissance Technologies owns 181,800 shares, worth about $2.5 million, Gamco Investors holds a $3.4 million possition, which contains 253,900 shares. And the last but not the least, Cliff Asness’ Aqr Capital Management has a holding which contains 207,697 shares, valued at $2.8 million.

Furthermore, we should mention a few stocks in Glazer Capital’s equity portfolio, in addition to Palomar Medical Technologies Inc (NASDAQ:PMTI).

As follows, they include SanDisk Corporation (NASDAQ:SNDK), Sprint Nextel Corporation (NYSE:S), and Dell Inc. (NASDAQ:DELL), and are discussed on the Page 2:

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!