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

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