J. Carlo Cannell Acquires Some More Hooper Holmes, Inc. (HH) Shares

J. Carlo Cannell continues his bullish streak on Hooper Holmes, Inc. (NYSEMKT:HH), reporting buying more shares of the company. His fund, Cannell Capital, increased its exposure to Hooper Holmes by some 304,600 shares, holding a total of 10.35 million shares. The new shares have been acquired in four transactions, the average price amounting to $0.54 apiece.

 

Over a week ago, Cannell reported acquiring another 96,225 shares. Earlier in October, the fund disclosed a 14.24% stake in Hooper Holmes, Inc. (NYSEMKT:HH), which contained 9.95 million shares.

The stock of Hooper Holmes, Inc. (NYSEMKT:HH) gained over 33% since the beginning of the year. In the third quarter, the company reported a net loss of $1.7 million, slightly down from the $2.2 loss posted in the same period of last year. The revenue of the company fell by an annual 11% to $11.0 million.

In the latest round of 13F filings, Renaissance Technologies, managed by Jim Simons, also reported ownership of Hooper Holmes, Inc. (NYSEMKT:HH) shares. The stake held by Renaissance contains 869,900 shares, worth $409,000. Ken Griffin’s Citadel Investment Group disclosed a $18,000 stake, which contains 39,100 shares. At the same time, Chuck Royce’s Royce & Associates closed his stake, which earlier amassed over 1.8 million shares.

Cannell reported an $18.5 million position in Global Telecom & Technology, Inc. (NYSEMKT:GTT), which contains 3.5 million shares and is the largest in the fund’s equity portfolio, according to the latest 13F. The second largest was the $9.7 million stake in ValueVision Media Inc (NASDAQ:VVTV). However, at the beginning of November, Cannell upped its position in ValueVision to 5.54 million shares, from 2.22 million held at the end of September. In Build-A-Bear Workshop, Inc(NYSE:BBW), Cannell reported owning 1.2 million shares, worth $8.4 million.

Recently, Cannell reported slicing its position in Crumbs Bake Shop Inc (NASDAQ:CRMB). The fund currently owns around 1.2 million shares, after reducing its stake by 378,000 shares.

Disclosure: none

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