Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Trigran Investments Sells 1.0 Mln Shares of Scientific Learning Corporation (SCIL)

Douglas T. Granat’s fund Trigran Investments has sold a part of its holding in Scientific Learning Corporation (OTCMKTS:SCIL). According to SEC filings, Trigran sold a total of 1.0 million shares, reducing its position in the company to 5.69 million shares. The securities have been sold in two transactions, the price amounting to $0.15 apiece.

The stake held currently by Trigran amasses 23.2% of Scientific Learning Corporation (OTCMKTS:SCIL)’s common stock. The position also contains 416,184 shares and 401,508 shares held as Warrants, the filing also stated. The fund, together with its affiliates entered into separate purchase agreements with Nantahala Capital Partners, Blackwell Partners, and Silver Creek CS SAV who acted as buyers in the transactions.

Scientific Learning

With about $210 million in equity portfolio, Trigran Investments focuses on Technology, Healthcare Consumer Goods sectors to generate returns for the investors. The hedge fund has invested more than 10% of its portfolio in N V E Corp (NASDAQ:NVEC) with 444,400 shares worth $22.68 million. Other notable investments by the hedge fund included 2.19 million shares worth $2.56 million in Accelrys Inc (NASDAQ:ACCL) and 524,400 shares in Rentrak Corp (NASDAQ:RENT) worth $17.11 million.

One reason for the renewed interest in the company could be due to a new report by a panel of National Research Council. The report calls for a new vision for science assessments. Scientific Learning is also expected to benefit from better tax trends and improvement in enrollments. These issues are expected to benefit all the constituents in the K-12 sector. Scientific Learning is into providing learning solutions to the K-12 education sector. The company’s products reach children in 40 countries. Currently no other hedge fund tracked by us at Insider Monkey has disclosed its holdings in Scientific Learning Corporation (OTCMKTS:SCIL).

Disclosure: none

Recommended Reading:

Broadwood Partners Is Bullish on BioTime, Inc. (BTX)

Luxor Capital Group Initiates 5.7% Stake in Northstar Realty Finance Corp. (NRF)

Hedge Fund News: John Paulson, Steven Cohen & David Tepper’s Big Year

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.