Transamerica Investment slashes stake to 2.03% in Omega Navigation

By E. Janene Geiss

Philadelphia, Nov. 3 - Transamerica Investment Management, LLC decreased its investment to 2.03% in Omega Navigation Enterprises, Inc. as of Oct. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.

The passive stake represents 245,019 shares.

Those holdings are down from the passive stake of 11.5%, or 1,382,816 shares, that Transamerica reported on May 30, according to an earlier SC 13G/A filing.

According to other previous SC 13G filings, the company reported holdings of 7.23%, or 1,095,808 shares on Dec. 31, 2007. It reported ownership of 894,825 shares, or a 7.45% passive stake, on Dec. 31, 2006. Transamerica first reported a stake of 7.16%, or 859,340 shares, on June 30, 2006.

Piraeus, Greece-based Omega Navigation transports dry cargo products and crude and refined petroleum products.

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