Glenn Greenberg, Brave Warrior Capital Reduce Higher One Stake

Glenn Greenberg, Brave Warrior Capital: Glenn Greenberg’s Brave Warrior Capital has cut its stake in Higher One Holdings, Inc (NYSE:ONE). In a filing with the SEC, the hedge fund disclosed ownership of 4.6 million shares, which is equivalent to 9.9% of the company. The position has been cut by some 1.7 million shares. The value of the position now amounts to $35.4 million.

Higher One Holdings is a company engaged in software solutions for payment of higher education institutions with clients all over the U.S. For the second quarter of the year, the company disclosed revenue of $40 million, down from $57.4 million reported for the same period of last year. The adjusted diluted EPS of the company also fell to $0.04 per share, from $0.25 per share posted for the second quarter of 2012, the company said in a statement.

Aside from Glenn Greenberg’s hedge fund, we should mention some other investors who held shares in Higher One Holdings in the latest round of 13F filings with the SEC. As follows, Vinit Bodas’s Deccan Value Advisors disclosed ownership of 3.9 million shares. D. E. Shaw and Ken Grossman/Glen Schneider’s Sg Capital Management held more modest stakes, which involved 325,300 and 313,500 shares respectively.

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Disclosure: none