New Buyers Drive Trading Volumes: GLAD, HNSN, HAIN

Trends, Charts and Exclusive Opinion

New Buyers Drive Trading Volumes

GLAD: Investment Management Company Nears 52-Week High

HNSN: Q4 and 09 FYE Results Due After Todays Market

HAIN: Supplier of organic products at Olympics is a Big Hit

Posting a nice gain in a mixed market today is Gladstone Capital Corporation (GLAD) http://www.gladstonecapital.com/ currently trading in the $9.70 range on a 3-Month average daily trading volume of 114,364 shares. GLAD has actively been trading above its average volume and is widely held by institutions. GLAD was trading in the $6 range in May and June 09 and then took off to the $10.50 level by late Aug. GLAD then dropped to $7 and finally found a floor for 4-Months at $8 before posting its current surge back into the $10 level. GLAD is approximately 82 cents off its 52-week high of $10.52 set back on 07-30-09.

GLAD is a short-term (6 Mo) ‘Buy’ consideration for me. Here’s why... GLAD has trailing twelve month revenues of $40+ million and returned a positive, diluted EPS of $0.91. On Feb 1 GLAD released its Q1 2010 net increase in net assets resulting from operations per common share: $0.30. Not bad at all. As of Dec 09, GLAD had investments in 46 private companies with an aggregate cost basis of $347.5 million and an aggregate fair value of $306.6 million.

GLAD 1-Year

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Also posting a nice gain contrary to the early markets is Hansen Medical Inc., (HNSN) http://www.hansenmedical.com/ currently trading in the $2.60 range on a 3-Month average daily trading volume of 428,761 shares. HNSN has actively been trading above its average volume and is widely held by institutions. HNSN was trading in the $7 range in May of 09 and collapsed down below $3 by early July. HNSN did spike into the $4 range in the next couple of months, but has found its floor at $3 for the last 4-Months. HNSN is a ‘Buy on the Dips’ consideration for me. There are a lot of short-sellers of HNSN (supplying some downward pressure), but their ranks are thinning out month over month and I believe the stock can regain that $4 ground.    

HNSN makes and sells flexible robotics and is a leader of robotic technology for accurate 3D control of catheter movement. I like HNSN because they seem intent on bringing new product to market. HNSN has a joint development agreement and a co-marketing agreement with Atrial Fibrillation Division of St. Jude Medical, Inc.; and collaboration agreements with Royal Philips Electronics and GE Healthcare Ltd.

Finally this morning is S&P SmallCap 600 company The Hain Celestial Group Inc., (HAIN) http://www.hain-celestial.com/ currently trading in $16.05 range with an average daily trading volume of 473,918 shares. HAIN has actively been trading above its average volume and is widely held by institutions. HAIN was trading in the $12 range in March of 09 and then leapt to $18 by early June. HAIN then see-sawed between $15 and $19 for the next 7-Months; before winding up at its current price level. HAIN has a 52-week high of $19.90 set on 10-09-09. HAIN has trailing twelve month revenues of $1.01 billion. HAIN also has a lot of shorters, but at nearly $4 off its high, it is also a ‘Buy on the Dips’ consideration for me. I think it will bounce back, especially after its exposure at the Olympic Winter Games.

While the packaged food industry has been hot hard during the recession, HAIN, a giant in the natural and organic products area has held its own (despite the shorters). HAIN is the Official Supplier to the current Olympics in Vancouver for both athletes and fans. They are faring very well. HAIN guidance (revised) for FY 2010 sees GAAP earnings of $0.98 to $1.03 per share.

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