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.

Israel Englander, Millennium Management Sell Some Shares of Liberator Medical Holdings Inc (LBMH)

Israel Englander‘s Millennium Management has sold 100,000 shares of Liberator Medical Holdings Inc (NYSEMKT:LBMH). According to a SEC filing, Millennium reduced its stake in the company to above 7.7 million shares. The securities have been sold in one deal, the price amounting to $4.36 apiece.


Liberator Medical Holdings Inc (NYSEMKT:LBMH) operates through its subsidiary, Liberator Medical Supply Inc, bringing to-quality medical supplies in directly to senior citizens who qualify through Medicare. Essentially the company concentrates on providing general purpose medical supplies, which consumers require on a daily, routine basis.

Liberator Medical Holdings Inc (NYSEMKT:LBMH) has recently announced its results for the fiscal year 2013, reporting net sales of $69.11 million for the fiscal year 2013 up by 13.4% compared to $60.94 million in fiscal year 2012. The net income rose by a whopping 183% in the financial year 2013 to $7.08 million from $2.5 million in the previous year.

The company’s diluted earnings per share increased by 180% from $0.05 in fiscal year 2012 to $0.14 in the current year. With this raised earnings the company paid a dividend of $0.08 per share in the fiscal year 2013. The Cash flow from operating activities turned to a positive of $13.63 million in financial year 2013, from a negative of $546 thousand in the previous year.

The equity portfolio of Millennium Management has shown 0.95% growth in the previous quarter, its total value amounting to $31.1 billion. Its portfolio contains significant investments in Services and Basic Materials sectors, among others.

The companies in which Millennium Management holds the largest long term positions, in terms of value, include PPL Corporation (NYSE:PPL) in which it owns 8.02 million shares valued at $243.72 million. It also holds 4.24 million shares of Baker Hughes Incorporated (NYSE:BHI), worth $208.10 million. Another long term position is in American Electric Power Company Inc (NYSE:AEP), the stake amassing 4.44 million shares valued at $192.41 million.

Disclosure: none

Recommended Reading:

Greywolf Capital Management Trims Exposure to Rubicon Minerals Corp. (USA) (RBY)

Clinton Group Sells Some More ValueVision Media Inc (VVTV) Shares

Abrams Capital Management Trims the Stake in Engility Holdings Inc (EGL)

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.