Significant Insider Change: Columbia Pacific Advisors – Llc Purchased 39132 shares of Modsys International Ltd (NASDAQ:MDSY) in Insider Trade

November 24, 2016 - By Louis Casey

Significant Insider Change: Columbia Pacific Advisors   Llc Purchased 39132 shares of Modsys International Ltd (NASDAQ:MDSY) in Insider Trade

Columbia Pacific Advisors – Llc Insider Buy

Columbia Pacific Advisors – Llc, known as an insider in Modsys International Ltd, made a purchase of 39,132 shares whose amount is estimated to be $45,014 at average stock price of $1.2. Currently, Columbia Pacific Advisors – Llc, has ownership of 5.55 million shares, which accounts for 29.17% of the company’s market capitalization.

The stock increased 1.69% or $0.02 on November 23, hitting $1.2. About 14,687 shares traded hands or 15.01% up from the average. Modsys International Ltd (NASDAQ:MDSY) has declined 32.96% since April 22, 2016 and is downtrending. It has underperformed by 38.37% the S&P500.

ModSys International Ltd., formerly BluePhoenix Solutions Ltd., develops and markets enterprise legacy migration solutions, and provides tools and professional services to international markets. The company has a market cap of $22.07 million. The Firm operates through information technology modernization solutions segment. It currently has negative earnings. The Company’s technologies and services allow businesses to migrate from their legacy mainframe and distributed IT infrastructures to modern environments and programming languages.

According to Zacks Investment Research, “BluePhoenix Solutions develops and markets cost-effective Enterprise IT Modernization solutions that enable clients to extend the ROI of their existing systems through integrated Understanding, Migration, Transformation and Development tools and services. They have offices throughout the world, some of them full-service delivery centers, including the US, UK, Denmark, Germany, Italy, the Netherlands, Israel, Cyprus and Romania.”

MDSY Company Profile

ModSys International Ltd., formerly BluePhoenix Solutions Ltd., incorporated on January 12, 1987, develops and markets enterprise legacy migration solutions, and provides tools and professional services to international markets. The Firm operates through information technology (IT) modernization solutions segment. The Company’s technologies and services allow businesses to migrate from their legacy mainframe and distributed IT infrastructures to modern environments and programming languages. In addition to the technology tools, the Company provides professional services for project management of migrations, understanding and mapping of the applications, testing, remediation, and ongoing monitoring and management of the environments. The Firm offers services through its subsidiaries located in the United States, the United Kingdom, Italy, Romania and Israel.

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