After The Major Gains In Misonix, Who's Benefiting The Most?

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Sidoti & Co. analysts seem to have changed their minds about Misonix, Inc. MSON. The firm downgraded the stock in October, but upgraded it again last week, from Neutral to a Buy rating.

The stock rose more than 10 percent last Friday and is up 15 percent over the past week.

Sidoti set a price target of $16 on the stock, which implies an upside potential of more than 25 percent from current prices.

Which Institutional Owners Are Benefiting?

Renaissance Technologies

One of the world’s most famous hedge funds, Jim Simons’ Renaissance Technologies, last disclosed (at the end of the third quarter) ownership of 120,300 shares of Misonix, worth more than $1.4 million.

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Now trading around $12.70, this stake –- if unchanged -- would be worth more than $1.5 million. It could rise to over $1.9 million if the stock reaches Sidoti's price target.

Dimensional Fund Advisors

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Dimensional Fund Advisors, an investment firm managed by Co-CEOs David G. Booth and Eduardo Repetto, declared holding more than half-a-million shares of the company by the end of the third quarter. The stake was worth more than $6 million at that time.

The position would have been worth about $6.3 million on Friday, and could surpass $8 million if the stock hits analyst projections.

One Large Insider

Michael A. McManus Jr., J.D.

Michael A. McManus, Jr., J.D., Chairman, Chief Executive Officer and President of Misonix, may benefit the most from the stock's recent move. On November 14, McManus disclosed a 9.1 percent stake in the company -- more than 700,000 shares worth.

The stock has returned close to double-digit percentage points since then.

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Posted In: Long IdeasHedge FundsTrading IdeasGeneralBoneScalpelDavid G. BoothDimensional Fund AdvisorsEduardo RepettoJ.D.Jim SimonsMichael A. McManus Jr.Renaissance TechnologiesSidoti & Co.SonaStar
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