Owl Creek's stake in PMA Capital dips below 5%

By Lisa Kerner

Charlotte, N.C., Feb. 29 - PMA Capital Corp. investor Owl Creek Capital Management, LP reduced its stake in the company to 4.85% from 6.4% with the sale of 458,455 shares of the company's stock.

The shares were sold from Jan. 1 to Feb. 26 at prices from $8.00 to $8.62 each.

Owl Creek reported ownership of 1,546,711 shares of PMA in a schedule 13D filing with the Securities and Exchange Commission.

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

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