Bandera Partners yesterday revealed its recent insider purchases of nearly 20 thousand shares in Ambassadors Group Inc. (EPAX). As reported in a regulatory filing, Bandera Partners made the purchases starting from December 15 at about $4.30 per share. After that the firm had 1.91 million shares in its position. Bandera Partners reported 11.37 million shares at the end of the third quarter, and had 1.88 million shares or 10.7% passive stake in the stock as of December 1st. So now the firm approximately takes 10.91% passive stake in EPAX. The stock is now trading at $4.57, down 61% year to date.
There are some other hedge funds that also took positions in the stock. Lisa Rapuano’s Lane Five Capital recently also boosted its position in EPAX. The firm had 1.19 million shares in EPAX according to a filing on December 14. Jim Simons’ Renaissance Technologies was also bullish about EPAX. The firm increased its position by 13% to 628 thousand shares before October.
Bandera Partners was founded in 2006 by Gregory Bylinsky, Jefferson Gramm and Andrew Shpiz. The firm is located in New York City, NY. The firm reported a $176 thousand 13F portfolio in the third quarter, which was decreased by 8% from Q2. The firm primarily invested in Services, Healthcare, Consumer Goods, Financial, Technology sector.
Ambassadors Group Inc. is an educational company which focuses on global travel programs for students, athletes and professionals. The company operates BookRags, which is an online education oriented research site. The company also offers People to People Student/Sports Ambassador Programs, as well as Leadership Summit and World Leadership Forum.