Senator Investment Group Exits API Technologies Position ~ market folly

Wednesday, March 12, 2014

Senator Investment Group Exits API Technologies Position

Alex Klabin and Doug Silverman's hedge fund firm Senator Investment Group has filed a Form 4 and 13G with the SEC regarding shares of API Technologies (ATNY).  Per the filings, Senator has sold over 5.9 million shares of ATNY at a price of $2.41 on March 7th.

After this transaction, this means Senator has completely exited their stake in API Technologies and no longer own any shares.

You can view other recent portfolio activity from Senator here.

Per Google Finance, API Technologies "designs, develops and manufactures systems, subsystems, radio frequency (RF) and secure communications products, as well as provides electronics manufacturing and engineering services. Its product lines include engineered products (including unmanned aerial vehicles (UAVs), aiming systems and synthesizers), secure communications products (including TEMPEST and emanation security, encryption and secure networking products), subsystems and components (including custom hybrids, terminals, transistors and magnetics), RF and microwave products (including custom filters, amplifiers, connectors and antennas), sensors, and power systems. It operates in two segments: Systems & Subsystems, and Secure Systems & Information Assurance."

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