Samuel Isaly‘s OrbiMed Advisors has stepped up its interest in Ascendis Pharma A/S (NASDAQ:ASND) as reported in a recently-amended filing with the Securities and Exchange Commission. OrbiMed’s stake in the company has been increased to 3.3 million shares or 13.1% of the common stock, following the acquisition of 300,000 shares on June 17 at an average price of $13.75 apiece. Prior to that, the fund had bought more than 500,000 shares on June 15 and 16.
Ascendis Pharma A/S (NASDAQ:ASND) has a market cap of $345 million and does not pay a dividend. The stock started the year in a down trend, but it quickly recovered and was in green territory at the end of January. The rally did not continue, however, and shares are currently down by 24% for the year, having ended Tuesday’s trading session at $13.74 per unit. Ascendis Pharma swung to a loss for the first quarter of 2016, as revenues tumbled by 40% year-over-year to €1.3 million ($1.46 million). The company posted a net loss of €20.5 million ($23.1 million), or €0.82 ($0.92) per share.
At the end of the first quarter, roughly 27% of Ascendis Pharma A/S (NASDAQ:ASND) common stock was held by 10 of the funds followed by Insider Monkey, down from 11 registered a quarter before. Peter Kolchinsky‘s RA Capital Management is betting big on this stock, having amassed 2.16 million shares worth $40.1 million at the end of March. Baker Bros. Advisors’ manager, Julian Baker and Felix Baker are also keeping an eye on Ascendis Pharma as their fund held 505,521 shares at the end of March, unchanged over the course of the first quarter.
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|
|OrbiMed Capital GP V||0||3,300,462||0||3,300,462||3,300,462||13.1%|
|Samuel D. Isaly||0||3,300,462||0||3,300,462||3,300,462||13.1%|