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Insider Buying Propped Summers Value Partners' Massive Gains in Bioanalytical Systems (BASI)


Insider Buying Propped Summers Value Partners’ Massive Gains in Bioanalytical Systems (BASI)
Summers Value Partners, an investment management firm, published its ‘Summers Value Fund LP’ fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 14.7% was recorded by the fund for the Q4 of 2020, below its Russell 2000 benchmark that returned 18.40%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Summers Value Partners, in their Q4 2020 Investor Letter said that they acquired a new position in Bioanalytical Systems, Inc. (NASDAQ: BASI) after series of insider stock purchases attempts. Bioanalytical Systems, Inc. is a company that provides research and development resources and then sells the information to biotechnology, pharmaceutical and medical related companies. Bioanalytical Systems, Inc. currently has a $136 million market cap. For the past 3 months, BASI delivered a massive 145.02% return ....

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