Jacob Gottlieb Adds To Position In Ascendis Pharma A/S (ASND); Armistice Capital Increases Stake In Demand Media Inc (DMD)

A value-oriented and event-driven fund, Armistice Capital was launched in 2012 by Steven Boyd, who managed to return an impressive 48% during his first year. He has gained his experience working for a number of investment firms, most recently as an associate at York Capital and senior research analyst at Senator Investment Group. Boyd prefers to invest in healthcare and consumer discretionary stocks but has recently diversified his portfolio to include technology and financial stocks as well. His biggest bet is Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), of which it holds 4.43 million shares valued at $30.3 million according to Armistice’s latest 13F filing. Boyd has also boosted his stake in Apollo Education Group Inc (NASDAQ:APOL) to 1.27 million shares worth some $16.3 million.

A provider of internet software and solutions, Demand Media Inc (NYSE:DMD) has posted revenues of $29.7 million and a loss of $0.72 per share for the second quarter of 2015. Analysts expect the company to perform better in the third quarter and eye revenues of $30.8 million and a narrower loss of $0.42 per share. So far this year, the stock has lost 20% in volatile trading. John H. Lewis’ Osmium Partners is another investor bullish on Demand Media Inc (NYSE:DMD) and has increased its stake by 177% during the second quarter to 1.32 million shares valued at $8.39 million. Hedge fund guru Jim Simons also holds a position in this stock, albeit a smaller one: 279,500 shares worth approximately $1.77 million according to Renaissance Technologies’ latest 13F filing.

Disclosure: none.