Trellus Management Company buys $1,098,229 stake in Hansen Medical (HNSN)

Hansen Medical (HNSN) : Trellus Management Company scooped up 178,322 additional shares in Hansen Medical during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 274,901 shares of Hansen Medical which is valued at $1,098,229.Hansen Medical makes up approximately 2.48% of Trellus Management Company’s portfolio.

Hansen Medical opened for trading at $3.98 and hit $4 on the upside on Wednesday, eventually ending the session at $3.995, with a gain of 0.38% or 0.015 points. The heightened volatility saw the trading volume jump to 20,196 shares. Company has a market cap of $76 M.

On the company’s financial health, Hansen Medical reported $-0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.36 according to the earnings call on Nov 5, 2015. Analyst had a consensus of $-0.90. The company had revenue of $3.18 million for the quarter.The company’s revenue was down -18.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Hansen Medical Inc. is engaged in the development and marketing of medical devices. The Company develops manufactures and sells medical robotics designed for accurate positioning manipulation and stable control of catheters and catheter-based technologies. Its technology is used in medical procedures that are reliant upon tools like guide wires catheters sheaths balloons and stents. Its products include Sensei Robotic Catheter System (Sensei system) Artisan Extend Control Catheter (Artisan catheter) CoHesion 3D Visualization Module and Magellan Robotic System. Its Hansen Medical Solution consists of two modules: a physician control console and a patient-side module that can be connected to procedure tables. Physicians sit at control console outside the radiation field and use hands to control and navigate disposable catheters which are attached to the patient-side module. Its catheters deliver third-party catheters and catheter-based technologies to specific sites.

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