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.

Richard Blum Trimmed $ERT Position After 60% Gain

Richard Blum’s Blum Capital had 5.5 million shares in eResearch Technology Inc (ERT) at the end of December. The stock jumped 60% in 2012 earning the hedge fund more than $16 million. Yesterday Richard Blum disclosed that he sold around 1 million shares and cut his stake to 4.55 million shares. Chuck Royce also had nearly 2 million shares in the company as well. Billionaire Jim Simons’ Renaissance Technologies also had 200K shares of ERT.


ERT is a $400 million market cap company. According to Yahoo Finance, eResearchTechnology, Inc. provides technology-driven services and medical devices primarily in North America, the United Kingdom, and Germany. The company’s cardiac safety solutions include EXPERT, a technology platform for workflow-enabled cardiac safety data collection, interpretation, and distribution of electrocardiographic (ECG) data and images, as well as for analysis and cardiologist interpretation of ECGs on research subjects.

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!