Bcp Iii Aiv A - L.P. Insider Buy
Bcp Iii Aiv A - L.P., an insider in Avid Technology Inc has a few days ago been linked with a broker trade of 250,778 shares of the firm, valued at $8.0 per share. The deal value was of $2,008,852 U.S Dollars. Due to the significance of this trade, it will not stay unseen. Bcp Iii Aiv A - L.P. owns 10%+ of the machinery manufacturing-company’s market cap with a total of 39,510 shares. The provided information is as stated in a SEC document dated 30-09-2015.
Avid Technology Inc Sentiment and Fundamentals
Since the sale is very important, it could mean that Bcp Iii Aiv A - L.P. is worried about the fundamentals of the Company. According to three financial analysts that are covering this firm’s financial future, there is an expectation of earnings for each share of $1.46 for the 2015 year, which gives Avid Technology Inc a Price/Earnings ratio of 5.45.
We rate Avid Technology Inc’s stock as sell not only because of the insider sell by Bcp Iii Aiv A - L.P. but also in accordance with OctaFinance’s very advanced momentum model which is shown below. Avid Technology Inc’s stock is in a bearish trend, going down around 44.26% within the last 200 days.
Institutional Ownership
Review of 13F SEC filings show that 116 hedge funds owned shares of Avid Technology Inc. Our tracked hedge funds have traditionally had a high interest in Avid Technology Inc’s stock, and that was also the case in Q2 2015. The institutional ownership was 85.59% of the stock’s outstanding shares. Its up 2.81% from Q1 2015. These stock owners increased the total shares they own by 918,936 to 33.57 million this quarter. A total of 31 funds opened new positions in Avid Technology Inc and 46 increased their holdings. There were 23 funds that closed their positions and 25 that reduced them.
In the group, three have the company in their Top 10. Some of them are: Blum Capital Partners Lp, Central Square Management Llc, Cannell Capital Llc.
Paradigm Capital Management Inc Ny had the greatest investment with ownership of 1.47 million shares as of Q2 2015 for 2.03% of the fund’s portfolio. Richard Blum’s Blum Capital Partners Lp is another positive investment manager having 7.13 million shares of the company or 23.07% of their stocks portfolio. The stock is also 8.58% of the fund’s AUM. In addition Kelly Cardwell’s Central Square Management Llc have 9.58% of their stock portfolio invested in the company’s market cap for 714,674 shares. The Wyoming-based fund Cannell Capital Llc disclosed it had acquired a stake worth 3.52% of the fund’s stock portfolio in Avid Technology Inc. Longwood Capital Partners Llc is also very upbeat about the company’s stock, owning 230,000 shares or 1.90% of their stock portfolio.
Avid Technology NASDAQ:AVID Company Profile
Avid Technology, Inc. is an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company’s professional video creative software and hardware products include the Media Composer product line used to edit film, television programming, news broadcasts, commercials and other video content. Video products also include Avid ISIS shared storage systems and Avid Interplay asset management solutions. The Company’s audio products include Pro Tools digital audio software and workstation solutions, and a range of complementary control surfaces and consoles, including the System 5 and System 6 modular consoles, as well as the VENUE live-sound systems and Sibelius-branded notation software.
Company Website: Avid Technology
Avid Technology Inc was filled in Delaware on 1987-09-04. The firm has 1413 employees. At the moment its market cap is: $312.21 million and it has 39.92 million outstanding shares. Now there are 85.82% shareholders and the institutional ownership is 85.82%. The stock closed at $7.96 yesterday and it had average 2 days volume of 121932 shares. It is down from the 30 days average shares volume of 131678. Avid Technology Inc has a 52w low of $7.60 and a 52 weeks high of $18.10. The current price is below the 200 days SMA. Avid Technology Inc last issued its quarterly earnings report on 08/10/2015. The company reported 0.01 EPS for the quarter, missing the consensus estimate of 0.2 by 0.19. The company had a revenue of 109.77 million for 6/30/2015 and 119.59 million for 3/31/2015. Therefore, the revenue was -9,819,000 down.
* These shares of the Common Stock of the Issuer are held directly by BCP III AIV A - L.P. (“AIV III”). These shares may also be deemed to be owned indirectly by (i) Blum Strategic GP III - L.P. (“Blum GP III LP”) - AIV III’s general partner - and (ii) Blum Strategic GP III - L.L.C. (“Blum GP III”) - Blum GP III LP’s general partner. Both Blum GP III LP and Blum GP III disclaim beneficial ownership of these shares - except to the extent of any pecuniary interest therein.
* These shares of the Common Stock of the Issuer are held directly by BCP IV AIV A - L.P. (“AIV IV”). These shares may also be deemed to be owned indirectly by (i) Blum Strategic GP IV - L.P. (“Blum GP IV LP”) - AIV IV’s general partner - and (ii) Blum Strategic GP IV - L.L.C. (“Blum GP IV”) - Blum GP IV LP’s general partner. Both Blum GP IV LP and Blum GP IV disclaim beneficial ownership of these shares - except to the extent of any pecuniary interest therein.
* These shares are owned directly by Richard C. Blum and Associates Inc.
