Lisa Rapuano’s Lane Five Capital reported 1,012,630 shares in Ambassadors Group Inc. (EPAX) on November 7th, corresponding to a 5.7% activist stake. Lane Five Capital quadrupled its position since the firm initiated its EPAX position in the second quarter and reported 253 thousand shares at that time. According to the 13D filing, Lane Five Capital made most of its purchases on October 28th at about $5.10. Now the stock is trading at $4.77, so investors can imitate Lane Five Capital’s transaction at a discount.
Beside Lisa Rapuano’s Lane Five Capital, six hedge funds were bullish about EPAX in the second quarter. Gregory Bylinsky, Jefferson Gramm and Andrew Shpiz’s Bandera Partners increased its position by 57% to 822 thousand shares. Jim Simons’ Renaissance Technologies had 553 thousand shares, after an 11% increase.
Lane Five Capital is a privately managed investment funds exclusively for qualified investors. The firm pursues a long-term investment philosophy in equity markets. The firm was founded in 2007 and has a portfolio value of $93 million. The firm mainly invests in Services, Financial, Consumer Goods, and Healthcare 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.