Owl Creek reduces stake in PMA Capital to 6.4%

By Jennifer Chiou

New York, Oct. 11 - PMA Capital Corp. investor Owl Creek Capital Management, LP cut its stake in the company to 6.4%, according to a schedule 13D/A filing with the Securities and Exchange Commission.

Owl Creek reported ownership of 2,058,066 shares of PMA.

Shares were sold from Aug. 9 to Oct. 10 at prices from $10.05 to $10.57.

After selling 705,641 shares for a total of $9.27 million on May 25, Owl Creek owned a total of 2,447,259 shares in various funds for a total stake in PMA of 7.5%.

PMA is an insurance holding company with headquarters in Blue Bell, Pa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.