Philip Hempleman’s Ardsley Partners Boosted in $AMRN

Philip Hempleman’s Ardsley Partners reported 5.30% passive stake in Amarin Corporation plc\uk (AMRN) on November 14th, according to a SEC 13G filing. Ardsley Partners now has approximately 7.20 million shares in $AMRN. Previously Ardsley Partners reported 4.95 million shares at the end of the third quarter. So this is a 45% expansion. It’s possible that Ardsley Partners made most of the purchase during October at near $9 per share. However, AMRN dropped in early November due to its patent application issues with the U.S. Patent and Trademark Office. Now AMRN is trading at $7.44, losing 9% in 2011.

Amarin Corporation plc (ADR) (NASDAQ:AMRN)

Twenty one hedge funds were bullish about AMRN in the second quarter. Steven Cohen’s Sac Capital Advisors took the largest portion with 3.85 million shares, after it increased its position by 324%. Philip Hempleman’s Ardsley Partners is the next, with 3.4 million shares in the stock. Arthur B Cohen And Joseph Healey’s Healthcor Management initiated its position in the second quarter and had 2 million shares. Ken Griffin’s Citadel Investment Group took 1.6 million shares, up by 37% from Q1. Jim Simons’ Renaissance Technologies and George Soros’ Soros Fund Management each had a small position in ARMN, 351 thousand shares and 285 thousand shares respectively.

According to Yahoo, Ardsley Partners is a $1 billion equity-focused hedge fund company. “Through various funds (including Ardsley Offshore Fund, Ardsley Partners Fund II, Ardsley Partners Institutional Fund, and Augusta Partners), the company invests globally in rapidly growing companies. It favors chemical and chemical-based product makers; its portfolio has included Aventine Renewable Energy Holdings, Pioneer Companies, Solutia, and Tronox. Ardsley Partners was founded in 1987 by CEO Philip Hempleman who is a generous donor to the Democratic Party, including Hillary Rodham Clinton.”

Per Yahoo! Finance, Amarin Corporation Plc is “a clinical-stage biopharmaceutical company, focusing on developing treatments for cardiovascular diseases. Its lead product candidate includes AMR101, a prescription grade omega-3 fatty acid, which is in second Phase III clinical trial for the treatment of high triglyceride levels in statin-treated patients who have mixed dyslipidemia. The company, formerly known as Ethical Holdings plc, was founded in 1989 and is based in Dublin, Ireland.”

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 Click to see monthly returns in table format!

Lists

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

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!