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Indaba Capital Management Considerably Reduces Stake In JGWPT Holdings Inc (JGW)

Indaba Capital Management, run by Derek C. Schrier, has reported a decrease in its holding of JGWPT Holdings Inc (NYSE:JGW). Schrier has more than halved the fund’s investment in this stock, leaving it with 433,372 shares, according to a recent filing with the Securities and Exchange Commission. This gives Indaba Capital Management control over 3.36% of the company’s common stock.

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JGWPT Holdings Inc (NYSE:JGW) has also caught the attention of Sahm Adrangi, who has invested 6.22% of his equity portfolio in this company. His fund, Kerrisdale Capital, has reported ownership of 693,600 shares, up 204% during the first quarter of 2014. Geoffrey Raynor is also keeping an eye on this company, with his fund, Q Investments (Specter Holdings), holding approximately 412,000 shares. Ken Griffin, on the other hand, has trimmed his fund’s exposure to JGWPT Holdings Inc (NYSE:JGW) during the first quarter. Citadel Investment Group reportedly holds approximately 529,500 shares, down 18% during the first three months of this year.

Disclosure: none.

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