Monday, March 26, 2007

BlueLine Capital Books Some Profits in Sonic Innovations (SNCI)

In an amended 13D filing after the close Friday on Sonic Innovations Inc. (Nasdaq: SNCI), BlueLine Capital disclosed a 4.6% stake (1.2 million shares) in the company. This is down from the 5.4% stake the firm disclosed in the original 13D filing in May of 2006. In the original 13D filing, BlueLine Capital showed a $4.50 per share cost basis for a majority of their position. The new filings shows they were selling in the $7 range.

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