18 months ago when I first invested in this stock Institutional exposure was silightly less then 40%. As of the end of the third quarter that exposure had increased to 58%. I believe that it would be safe to say that at least 80% of the 6.25 million shares floated in the fourth quarter went to institutions. If that is the case, then institutional exposure at the end of the fourth quarter will come in at about 67%. That works out to be about a 68% increase in institutional exposure over the past 18 months. Not bad.
Lately, stock price performance has been disappointing given the movement in the overall market. However, you have to bear in mind that we are up over 60% since 1/1/13. Not bad.
As we enter 2014, the major risk for us remains, will the company successfully impliment the marketing effort.
Jan 31 is the date that institutions usually report their end of year holdings. So far, only Gagnon has reported year end holdings of nvdq ( 2.394M shares or 2.54%). We should be hearing shortly about the others.