Secondaries Announced 8.16.17

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Our Buy, Neutral or Avoid ratings of the Secondaries below are intended as a recommendation for those who buy Secondaries on a regular basis. For example, this is not to be interpreted as a Buy recommendation in the traditional sense of adding to your stock portfolio; this is a short term (usually one day or opening trade) time period.

Company: Lakeland Industries
Symbol: LAKE
Price: Last Trade $15.65
Trade Date: 8/17
Re-offer Range: Subscription Needed
Shares: TBD
Underwriter(s) : Roth Capital, Craig Hallum
Rating = Subscription Needed

Company: Financial Engines Inc-BLOCK
Symbol: FNGN
Price: Last Trade $34.35
Trade Date: 8/17
Re-offer Range: Subscription Needed
Shares: 4.1 million
Underwriter(s) : Morgan Stanley
Rating = Subscription Needed

Company: Acadia Healthcare – block
Symbol: ACHC
Price: Last Trade $51.68
Trade Date: 8/17
Re-offer Range: Subscription Needed
Shares: 2.825 million
Underwriter(s) : Citigroup
Rating = Subscription Needed