1 hedge funds buy Lombard Medical, Inc. (EVAR) for the first time
Lombard Medical, Inc. (NASDAQ:EVAR) reached 53.97% versus a 1-year low price of $0.5. The stock was last seen 4.07% higher, reaching at $0.77 on Mar. 29, 2017. At recent session, the prices were hovering between $0.75 and $0.77. This company shares are 29.87% off its target price of $1 and the current market capitalization stands at $16.09M. The recent change has given its price a 17.05% lead over SMA 50 and -60.31% deficit over its 52-week high. The stock witnessed 20.31% gains, 30.51% gains and -22.57% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EVAR’s volatility during a week at 5.81% and during a month it has been found around 6.73%. Lombard Medical, Inc. (EVAR) Top Holders
Institutional investors currently hold around $9 million or 61.4% in EVAR stock. Look at its top three institutional owners. Invesco Ltd. owns $4.68 million in Lombard Medical, Inc., which represents roughly 29.06% of the company’s market cap and approximately 51.94% of the institutional ownership. Similar statistics are true for the second largest owner, Abingworth Llp, which owns 3,473,452 shares of the stock are valued at $2.57 million. The third largest holder is Sv Life Sciences Advisers, Llc, which currently holds $944 thousand worth of this stock and that ownership represents nearly 5.87% of its market capitalization. Lombard Medical, Inc. 13F Filings
At the end of 12/31/2016 reporting period, 2 institutional holders increased their position in Lombard Medical, Inc. (NASDAQ:EVAR) by some 1,092,185 shares, 7 decreased positions by 517,407 and 6 held positions by 10,597,471. That puts total institutional holdings at 12,207,063 shares, according to SEC filings. The stock grabbed 1 new institutional investments totaling 1,072,634 shares while 6 institutional investors sold out their entire positions totaling 516,352 shares.
This company has two thirds institutional ownership and institutional investors are not fools. This company is rock solid. I shall be going long for the foreseeable future.
