Rob Citrone, Discovery

Rob Citrone’s Discovery Capital Increases Stake in $PANL (InsiderMonkey)

Rob Citrone’s Discovery Capital filed Form 4s for its recent insider purchases in Universal Display Corp \PA\ (PANL). According to the Form 4 disclosures, Discovery Capital bought 150 thousand shares in PANL at $42.56 on November 3rd, and another 300 thousand shares at $44.67 on November 1st. So the firm takes approximately 5.62 million shares in PANL, giving 12.3% passive stake in the company. So far Discovery Capital has boosted its position by 84%, up from its 3.06 million shares position at the end of the second quarter. PANL realized strong uptrends in the third quarter. The stock is now trading at $49.43, representing a 62% return year to date. (more…)