Alan Fournier, the founder and managing member of Pennant Capital Management, a long/short hedge fund, just revealed he has taken a new 7.3% stake in MRC Global Inc (NYSE:MRC). Shares of the PVF energy company are up 9.5% year-to-date.
Recommended Reading:
Coliseum Capital Boosts Stake in Accuride to 16.2%
Riley Investment Management Cuts Stake in National Holdings Corporation
Nelson Obus, Wynnefield Capital Buy MAM Software Stock at $4/Share
