GLG Partners LP Takes $200,000 Position in Innocoll Holdings PLC (INNL)
GLG Partners LP purchased a new position in Innocoll Holdings PLC (NASDAQ:INNL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 87,600 shares of the specialty pharmaceutical company’s stock, valued at approximately $200,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gamco Investors INC. ET AL bought a new position in Innocoll Holdings PLC in the second quarter worth approximately $285,000. Deltec Asset Management LLC bought a new position in Innocoll Holdings PLC in the second quarter worth approximately $296,000. Goldman Sachs Group Inc. bought a new position in Innocoll Holdings PLC in the first quarter worth approximately $224,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Innocoll Holdings PLC in the second quarter worth approximately $802,000. Finally, Tudor Investment Corp ET AL bought a new position in Innocoll Holdings PLC in the second quarter worth approximately $868,000. Institutional investors and hedge funds own 34.16% of the company’s stock.
Innocoll Holdings PLC (NASDAQ INNL) opened at 2.35 on Thursday. The firm has a 50-day moving average of $2.25 and a 200 day moving average of $1.58. Innocoll Holdings PLC has a 52-week low of $0.53 and a 52-week high of $6.51.
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Separately, FBR & Co reiterated a “hold” rating on shares of Innocoll Holdings PLC in a research report on Tuesday, July 4th.
Innocoll Holdings PLC Profile
Innocoll Holdings Public Limited Company is a commercial-stage specialty pharmaceutical and medical device company with late-stage development programs. The Company operates through the segment of manufacture and sale of collagen-based pharmaceutical products. It utilizes collagen-based technology platform to develop its biodegradable and bioresorbable products and product candidates, which can be broken down by the body without the need for surgical removal or applied topically.
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