Insider Buy at Vision-Sciences Inc (VSCI): Lewis C. Pell Purchases 30,000 Shares


Lewis C. Pell, Director and Large Shareholder at Vision-Sciences, Inc. (NASDAQ:VSCI) acquired last September 2nd 30,000 shares of Common Stock through open market transactions. Of these, 10,000 shares were bought at a price of $0.99 each, for a total value of $9,980. The remaining 20,000 were acquired at a price of $0.98 each, for a total value of $19,560. Following the filing, Mr. Pell directly owns 8,711,540 shares and indirectly owns 50,000 shares held by Spouse and 43,500 held by trust of this $50.48 million market cap firm.

On the contrary, two of Vision-Sciences, Inc. (NASDAQ:VSCI)’s largest hedge fund investors on record have decided to decrease their exposure to the designer, developer, manufacturer and marketer of products for endoscopy. Jim Simons’s Renaissance Technologies –owner of 53,300 shares- has decided to do so by a 22%. Meanwhile, Ken Griffin’s Citadel Investment Group –owner of 21,295 shares- has determined to diminish its participation in the firm even more, by over a 5o%.

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.

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