Seeing bobf1y's post below reminded me that I saw Steel Partners' 13F filing late last week.
For the quarter ended June 30, Steel reported holdings of 16,476,730 shares of MLNK. I don't recall seeing any HnH or Steel filings on MLNK buys since mid-June.
On the subject of institutional ownership, the NASDAQ site is showing 70.2% of MLNK shares owned by institutions as of 6/30/15. In Q2, 35 institutional holders increased their positions in MLNK by 1,658,061 shares, while 39 institutional holders decreased their holdings by 1,465,135 shares - a net gain of about 200,000 shares according to the NAZ site.
13:08:42 $ 3.15 25,000 shares
13:50:00 $ 3.15 79,000 shares
14:20:43 $ 3.14 270,200 shares
Right now today's volume is over 610,000 shares. The average daily volume for this stock is around 100-150K. Again, the trades seem 2b below the market which MIGHT indicate a big holder selling. I haven't seen any HnH buys recently, which is a bit strange considering they were buying pretty regularly when MLNK's share price was higher.
CAPITAL RESEARCH GLOBAL INVESTORS is showing 4,820,500 SONS shares in their Q2 holdings report which they released last Friday. That more than makes up for the 3,097,347-share dump by Wellington.
A look at the NAZ institutional holdings site shows tutes added a total of 12,821,510 SONS shares in Q2 and sold a total of 9,310,573 shares, which would be a net 3.5M share increase.
11:07:44 8,600 @ $ 3.07
11:08:11 20,000 @ $ 3
11:47:23 45,078 $ 3
14:53:41 58,598 @ $ 2.95
15:01:59 157,900 @ $ 2.95
15:04:39 378,200 @ $ 2.94
Since the share price is dropping, it APPEARS that there is a big seller out there. It's possible that the drop below $3 has triggered a computer sell program of some sort.
Well, it's certainly nice 2b on the right side of a SONS trade for a change...
spook2b • 22 hours ago Remove
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If you look at a 6-month chart for SONS, there's a 3 month period from the end of March thru the last part of June where the price stayed pretty flat around the $8 mark, and that was after the share price nosedive that resulted from the previous cc. You would think that SONS should at the very least regain that level... Less
Check under headlines above.
Note on Hawk Springs:
A pressure transient analysis has confirmed that the 9500’ sand is highly permeable (around 500 md) and also identified a movable fluid boundary (oil or water) downdip of the well. Isotope Geochemistry
analysis of the gas samples, has identified the source of the nitrogen, which is from a post-mature
organic kerogen in the black shales of the Pennsylvanian section. The hydrocarbons in the samples are mixed thermogenic post mature gases generated in the wet gas/condensate window. All of the gathered evidence supports the theory that the fluid below the gas cap may be oil.
They're doing a workover of SOA II. Net cash flow shown as -$297K. Big drop in exploration & development costs.
Sorry if this is already out there - some of it seems familiar to me.
If you look at a 6-month chart for SONS, there's a 3 month period from the end of March thru the last part of June where the price stayed pretty flat around the $8 mark, and that was after the share price nosedive that resulted from the previous cc. You would think that SONS should at the very least regain that level...
Getting a bit of a bounce this afternoon. It does look like Mr. Market is expecting more bad news tomorrow. Guess we'll know then...
Big for MLNK, that is.
74,900 shares @ $3.32 around 3:47:45 and
179,400 shares @ $3.32 around 3:48.
There was also a 17,600-share block @ around 3:35 p.m.
That will bump up today's total volume.
dotnet, I check the postings at the SEC website. I did notice that the Google Finance site lists some of these sales also.
On 06/25/2015, Moduslink sold yet another 29,654 Medifast shares at an average price of $33.0317. That still leaves them with 1,194,891 MED shares. I calculate this sale at around $980K. Taken along with the other MED sales, it does begin to look as if they are exiting their MED position. It appears that they've set the $33 mark as a target, again, that's around $4/share more than they paid for their stake in MED. IF MLNK is looking to exit their entire MED position, they will probably need to sell several smaller amounts over several days in order not to depress the share price. Due to the selloff today in the overall market, the MED share price failed to reach $33, so we'll see if MLNK holds off on further sales.
Yesterday, 06/23/2015, MLNK sold 27,443 MED shares @ an average price of $33.0112. I think that amounts to around $900K. MLNK still has 1,224,545 MED shares. Yesterday's sale amounted to around 2% of their holdings.
In a filing tonight, MLNK is reporting that they sold 5,687 MED shares @ $33 per share on 06/19/2015
and 3,807 MED shares on 06/22/2015 @ $33.0308 per share.
They still hold 1,251,988 MED shares, so these sales amounted to less than 1% of their MED holdings. I did a quick calc, and it looks like the sales amounted to about $313K. They'll be able to book a profit on these sales, as I believe their cost basis is around $28/share.
Recall that MLNK reported sales of around 3,900 MED shares @ $33 a bit more than 2 weeks ago, so they may be lightening up a bit when the share price hits $33. That's just spec on my part as I haven't got a clue what they're up to.
The time & sales site I use is showing this info:
15:34:36 ... 290,000 shares @ $ 3.50
No doubt this is the reason why MLNK share volume today topped 430K, which is almost 4X the average volume over the last 50 days. It's possible that HnH grabbed a big block - we'll see if they file in the next day or two.