According to a recent 13G filing with the US Securities and Exchange Commission, Joseph Edelman‘s Perceptive Advisors has increased its stake in Versartis Inc. (NASDAQ:VSAR) to 4.03 million common shares, which account for 13.63% of the float. The stake was raised from 2.84 million shares Perceptive Advisors previously held at the end of June, according to its last 13F filing.
Versartis is a biopharmaceutical company that primarily works on producing long-acting therapeutics for treating endocrine illnesses. Over the past 12 months, the company’s stock has gained 8.41%. In its last financial report for the second quarter of 2016, Versartis disclosed a net loss of $22.1 million and a loss per share of $0.75, which compares to a net loss of $19.7 million, and a loss per share of $0.67 for the corresponding quarter in the previous year. Recently Piper Jaffray Cos. initiated coverage on Versartis’ stock and placed an ‘Overweight’ rating on it, with a price target of $22.
Six smart money managers from Insider Monkey’s database reported long positions in Versartis (NASDAQ:VSAR) at the end of June, versus seven funds in an earlier quarter. Among bullish investors were Julian Baker And Felix Baker’s Baker Bros. Advisors, with a position valued at $30.12 million, Dennis Purcell’s Aisling Capital, which held a position valued at $25.21 million, Chuck Royce’s Royce & Associates, Mark Kingdon’s Kingdon Capital Management, and D. E. Shaw’s D E Shaw. An investor who dumped Versartis (NASDAQ:VSAR) during June quarter was Israel Englander’s Millennium Management, which said goodbye to $701,000 worth of shares.
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|
|Perceptive Life Sciences Master Fund, Ltd||0||3,871,286||0||3,871,286||13.1%|
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