Net Element Inc Cayman Invest SA decreased Position
BY OCTASTAFF From OCTA FINANCE
Cayman Invest S.A. reduced Position in Net Element International Inc (NASDAQ:NETE)
Cayman Invest S.A. has filled a SC 13D/A form regarding Net Element, Inc 1.19 0.00 0.00%. Per Cayman Invest S.A.’s filling, the filler reported decreased stake in the company by -26.50% to 4,402,491 shares. Cayman Invest S.A. now owns 9.3% of the Energy-company. This form was required due to trading activity on April 2, 2015.
Why Cayman Invest S.A. Holds Net Element International Inc (NASDAQ:NETE)
Item 4. Purpose of Transaction
Item 4 is hereby amended by the addition of thefollowing:
On April 2, 2015, Cayman sold 1,500,000 of itsshares of Common Stock to Mayor Trans Ltd., a company incorporated in the Republic of Seychelles (“Mayor Trans”), for$2.00 per share, pursuant to a Stock Purchase Agreement dated April 2, 2015 by and between Cayman and Mayor Trans.
Octafinance trading team gives the stock a “SELL” rating not only because Cayman Invest S.A.’s transaction, but also because our momentum trading model says so. Within the last 200 days, Net Element, Inc’s stock price has declined by -37.30% and as of today is in downtrend.
Price Chart of Net Element International Inc (NASDAQ:NETE) Stock
Net Element, Inc: Cayman Invest S.A. decreased Position
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Net Element, Inc Hedge Funds Ownership
Latest SEC fillings show 14 hedge funds and institutional investors own Net Element, Inc. The institutional ownership of the company in Q4 2014 is low, at 1.64% of the shares outstanding. They increased by 392602 the total shares they hold. As of that quarter these institutional investors owned 779031 shares. A total of 3 funds opened new positions in Net Element, Inc and 6 increased their holdings. There were 5 funds that closed their positions and 2 that reduced them.
HEDGE-FUNDS-LIST-DATABASE-FREE Spark Investment Management Llc is the most positive institutional investor on Net Element, Inc, with ownership of 136600 shares as of Q4 2014 for 0.03% of the fund’s portfolio. Nomura Holdings Inc is another positive player owning 14500 shares of the company or less than 0.01% of their stocks portfolio. CA National Planning Corp have less than 0.01% of their stock portfolio invested in the stock for 3000. Further, Kcg Holdings Inc disclosed it had purchased a stake worth less than 0.01% of the fund’s stock portfolio in the company. The PA Vanguard Group Inc was also a notable investor in the firm, owning 372095 shares. Net Element, Inc is less than 0.01% of the fund’s stock portfolio.
Form 13D is SEC filing that must be submitted within 10 days, by anyone who acquires beneficial ownership of more than 5% of any publicly traded securities. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing. These filings may be a precursor to hostile takeovers, company breakups, and other “change of control” events.
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