German management consulting firm Abshagen Consulting takes a significant position in BFRI / Biofrontera

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German management consulting firm Abshagen Consulting GmbH has filed a Form 13G with the SEC disclosing ownership of 3,148,042 shares of Biofrontera Inc (BFRI). This represents 11.8% of the company.

What are the other big shareholders doing?

Armistice Capital, Llc holds 763,637 shares representing 3.24% ownership of the company.

Bard Associates Inc holds 259,275 shares representing 1.10% ownership of the company. In its previous filing, the company said it held 246,075 shares, representing a raise of 5.09%. The company reduced its portfolio allocation in BFRI by 28.57% during the last quarter.

Vanguard Group Inc holds 212,590 shares representing 0.90% ownership of the company. In its previous filing, the company said it held 151,163 shares, representing a raise of 28.89%. The company reduced its portfolio allocation in BFRI by 6.68% during the last quarter.

VEXMX – Vanguard Extended Market Index Fund Investor Shares owns 114,476 shares representing 0.49% ownership of the company. In its previous filing, the company said it held 57,759 shares, representing a raise of 49.54%. The company increased its portfolio allocation in BFRI by 40.92% during the last quarter.

BlackRock Inc. holds 110,761 shares representing 0.47% ownership of the company. In its previous filing, the company said it held 100,505 shares, representing a raise of 9.26%. The company reduced its portfolio allocation in BFRI by 94.13% during the last quarter.

What is the general institutional feeling?

There are 25 funds or institutions reporting positions in Biofrontera Inc. This is an increase of 4 owner(s) or 19.05%.

Average portfolio weight of all funds dedicated to Biofrontera Inc is 0.0092%, a decrease of 30.7508%. The total number of shares held by institutions has increased over the past three months by 93.36% to 1,679,987 shares.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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