Servicesource International Inc (SREV), Recro Pharma Inc (REPH): Altai Capital And Broadfin Capital’s Latest Moves

According to a recent filing with the Securities and Exchange Commission, Altai Capital, run by Rishi Bajaj, Toby Symonds and Steve Tesoriere, has increased its holding of Servicesource International Inc (NASDAQ:SREV). As a result, Altai Capital now holds 11.7 million shares, up from the 8.22 million shares reported in its latest 13F filing.

Phil Frohlich is also bullish on Servicesource International Inc (NASDAQ:SREV), having increased his fund’s investment in the company by 185% during the second quarter of this year. Prescott Group Capital Management reportedly holds 3.01 million shares valued at approximately $17.4 million. George McCabe, the manager of Portolan Capital Management, also sees Servicesource International Inc (NASDAQ:SREV) as a good investment and has built a new position for his fund during the same period of time. His fund currently holds 1.07 million shares worth $6.25 million. Chuck Royce, on the other hand, has chosen to limit his fund’s exposure to the stock and has reduced his stake by 20%. Royce & Associates has reported ownership of approximately 943,900 shares valued at $5.47 million in its latest 13F filing.

Rishi Bajaj - Altai Capital

Kevin Kotler thinks Recro Pharma Inc (NASDAQ:REPH) stock is poised to go higher and has boosted his fund’s stake in the company. According to a recent filing with the Securities and Exchange commission, Kotler has added 500,000 shares to his fund’s previous position, taking it to 1.17 million shares. As a result, Broadfin Capital now has control over 15.2% of the company’s common stock.

From the hedge funds we track, Broadfin Capital is the only one invested in Recro Pharma Inc (NASDAQ:REPH). The company engages in the development of non-opioid therapeutics for the treatment of pain. On September 4th, Recro Pharma Inc (NASDAQ:REPH) announced an update to its research strategy for Dex-IN (intranasal dexmedetomidine). Based on prior observations, a revised approach to the study is “the best path forward”, according to Gerri Henwood, Recro Pharma’s President and Chief Executive Officer.

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