Swedish investor sells AFP shares
-
- January
- 14
A Swedish institutional investor has significantly reduced its holdings in AFP Imaging Corp., an Elmsford-based supplier of medical and dental imaging equipment whose stock has fallen sharply this year.
Filings with the Securities and Exchange Commission show that the investor, HealthInvest Partners of Stockholm, sold large blocks of AFP stock in December and January. Some of the recent transactions include the sale of 200,000 shares on Dec. 14, 360,900 shares on Dec. 31 and 92,500 shares on Jan 2.
AFP’s shares have fallen nearly 22 percent this year. They rose 11 cents to 51 cents in trading today on the over-the-counter bulletin board. The stock is down from a 52-week high of $2.21 on May 3.
“AFP was not a party to any decisions by this independent investor,� David Vozick, chairman of AFP Imaging, said in a written statement. The sales “may have been instituted by the foreign investor as part of a portfolio realignment of its overall holdings.�
“AFP believes the future opportunities for the company are excellent,� Vozick said. “We continue to participate in the development of advanced dental imaging technologies based on ten years of experience in this field along with our large installed base of (scanner) units around the world.�
HealthInvest Partners could not be reached for comment. The company, founded in 2006, manages the HealthInvest Global Long/Short Fund.
This entry was posted
on Monday, January 14th, 2008 at 2:09 pm by Jay Loomis.
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