Insider Trading: Attara Capital Sold 182 Thousand Shares Of $LGDI

Attara Capital, managed by David Slager and Nat Rothschild, recently made two small insider sales in Legend International Holdings Inc. (LGDI). As disclosed in a regulatory filing, the firm sold totally 182 thousand shares in the stock on December 22 and 23, at below $0.11/share, remaining 30.64 million shares in its position. Attara Capital did not report its LGDI position in its last quarterly filing. Legend International Holdings has a market cap of $28.75 M. The stock is in a downtrend throughout 2011. Currently the stock is trading at about $0.13, losing more than 90% year to date.

Attara Capital LP is a privately owned hedge fund sponsor. It manages a series of hedge funds with a total market value of $109 million in Q3. The firm mainly invests in Financial sector. It also has small investments in Industrial Goods, Technology, and Basic Material. Attara Capital LP is based in New York, New York.

According to Google Finance, Legend International Holdings, Inc. “is an exploration stage company. The Company is engaged in mineral exploration and development activities. Legend primarily focuses in the development of its phosphate interests in the Georgina Basin of Queensland, Australia. The Legend landholdings, prospective for phosphate, diamonds and base metals, cover 517,000 acres in Queensland, Australia, and 4.2 million acres in the Northern Territory, Australia.”

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