Voce Capital is Buying Cutera Inc. (NASDAQ:CUTR) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cutera Inc. (NASDAQ:CUTR) reported that Voce Capital has picked up 477,031 of common stock as of 2017-03-22.

The acquisition brings the aggregate amount owned by Voce Capital to a total of 477,031 representing a 3.4% stake in the company.

For those not familiar with the company, Cutera, Inc. is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers. Each of its laser and other energy-based platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface, a laser or other energy-based module, control system software and high voltage electronics. enlighten is a dual wavelength (1,064 nanometer + 532 nanometer) and dual pulse duration (750 picosecond (ps) and 2 nanosecond (ns)) laser system. excel V is a vascular and benign pigmented lesion treatment platform designed for the core-market of dermatologists and plastic surgeons.

A glance at Cutera Inc. (NASDAQ:CUTR)’s key stats reveals a current market capitalization of 271.31 Million based on 13.87 Million shares outstanding and a price at last close of $20.30 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2012-08-21, Connors picked up 7,000 at a purchase price of $7.35. This brings their total holding to 610,971 as of the date of the filing.

On the sell side, the most recent transaction saw Plants unload 250,000 shares at a sale price of $20.25. This brings their total holding to 477,031.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cutera Inc. (NASDAQ:CUTR) as things move forward to see if its progress aligns with these transactions.

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