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Novadaq Technologies Inc. Message Board

  • e11ndofwar e11ndofwar Feb 15, 2014 8:51 AM Flag

    Institutional Ownership

    As expected, institutional ownership expanded to 39 million shares or 70% of the 55 million shares outstanding as of 12/31/13. JPMorgan Chase remained relatively unchanged for the quarter with their exposure declining by 200 thousand shares to 6.02 million shares.
    regards endo

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    • Thanks for the update. Assuming that these institutions are in it for the long term, and not day to day traders, this may effectively reduce the float to the remaining 30% or about 16.5M available for trading---even less if you factor out insider positions. So this may increase the volatility in the shares. This works for me, as long as the volatility is pointing up! The Pillar II results may be the catalyst we need to propel the shares decisively above 20.

      Sentiment: Strong Buy

      • 1 Reply to vonpezel
      • Endo, Vonpezel; interesting discussion;
        For you fellows that may want to point risk a margin trade on your long position of nvdq;
        oii, fls both release earnings post close on Tuesday 2/19/14; if you hit, add to your long;
        if you miss, you gave back some long profit; The discussion of a pillar II catalyst with respect
        to the potential for stock price volatility due to a decreased float stemming from increased
        institutional holding should be supplemented with observations of option hedge activity;
        Thanks for the above info, and related discussion.

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