China BAK Battery Inc. (NASDAQ:CBAK) 3.70 +0.07 1.93%‘s Chief Executive Officer Xiangqian Li sold 59,813 shares of the China-based company in sold via broker dated June 12, 2015. Xiangqian Li’s shares were sold at the avg market share price which was $3.7, for an aggregate sell of $223,193. And, It’s sure Xiangqian’s deal isn’t going to stay a secret as he currently is holding 3.85 million shares – ( 29.94% of China Bak Battery Inc’s Market Cap ). The sale was dated June 12, 2015 and was made public in a 4F filing filed with the (SEC). The 4F filing is accessible for free here.
Because of our popular trend system as presented on the chart below is flashing Buy, our experts can’t rate the stock SELL as Xiangqian did with his insider deal. Over the last 200 days, China Bak Battery Inc’s price per share has gained 4.88% and is in a smooth and strong up trend.
Famous stock speculators such as Paul Singer have often noted that the highest risk-adjusted returns are made through fundamental and technical analysis. This is definitely not the case with China Bak Battery Inc.
Information from Q4 2014 SEC filings, reveal 13 investment managers owned China Bak Battery Inc. In Q4 2014, China Bak Battery Inc had 1.23% institutional ownership. That is a low interest. They decreased by 31,798 the total shares they hold. As of that quarter these institutional players and asset managers owned 155,424 shares. A total of 3 funds opened new positions in China Bak Battery Inc and 4 increased their holdings. There were 4 funds that closed their positions and 3 that reduced them.
Spark Investment Management Llc had the greatest investment with ownership of 41,300 shares as of Q4 2014 for 0.01% of the fund’s portfolio. Wedbush Securities Inc is another bullish institutional manager possessing 37,018 shares of the company or 0.01% of their stocks portfolio. Metlife Securities Inc have less than 0.01% of their stock portfolio invested in the company for 51 shares. In addition, Jim Simons’s Renaissance Technologies Llc disclosed it had purchased a stake worth less than 0.01% of the fund’s stock portfolio in the company. Tower Research Capital Llc (Trc) was also a big supporter of the firm, with ownership of 1,038 shares. China Bak Battery Inc is less than 0.01% of the fund’s stock portfolio.