In a recent 13G filing with the US SEC, Jeffrey Jay and David Kroin‘s Great Point Partners reported the acquisition of 2.05 million shares of Ignyta Inc. (NASDAQ:RXDX), which account for 4.94% percent of the total amount of shares, and represent a new addition to the Great Point Partners’ portfolio. Investors usually file Schedule 13G or 13D when their ownership exceeds 5% of class and in its latest filing, Great Point added that on April 29, its ownership was above 5%, but due to the exercise of an underwriter’s option to purchase shares, the stake accounted for less than 5% of Ignyta’s common stock.
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Ignyta is a biotechnology company that works on developing new therapies for the patients suffering from various types of cancer. Since the beginning of the year, Ignyta’s stock has lost 34.47%. The company is scheduled to release its earnings later today, after the market closes, and it is estimated that it will report a loss per share of $0.83 for the quarter.
At the end of December, Ignyta (NASDAQ:RXDX) was in 15 hedge fund portfolios from our database, versus 12 hedge funds in a previous quarter. Kevin Kotler’s Broadfin Capital reported the biggest position in Ignyta (NASDAQ:RXDX), valued at $30.2 million, and Joseph Edelman’s Perceptive Advisors held the second biggest position, worth around $24.3 million. Other investors long the stock are Israel Englander’s Millennium Management, Steven Boyd’s Armistice Capital and Alan Frazier’s Frazier Healthcare Partners, Michael S. Weiss and Lindsay A. Rosenwald’s Opus Point Partners Management, David Lamond’s Lamond Capital Partners and Steve Cohen’s Point72 Asset Management.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Great Point Partners||0||2,050,000||0||2,050,000||2,050,000||4.94%|
|Dr. Jeffrey R. Jay, M.D||0||2,050,000||0||2,050,000||2,050,000||4.94%|
|Mr. David Kroin||0||2,050,000||0||2,050,000||2,050,000||4.94%|
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Page 1 of 10 – SEC Filing
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