Amici Capital Increases Holding Of Norcraft Companies Inc (NCFT)

Paul Orlin and Alex Porter are bullish on Norcraft Companies Inc (NYSE:NCFT) and have increased their fund’s stake in the company. As reported in a filing with the Securities and Exchange Commission, their fund, Amici Capital, now holds just under 1 million shares following the acquisition of approximately 373,600 shares. As a result, Aimci Capital now has control over 5.8% of the total number of shares outstanding.

Richard Driehaus is also optimistic about the prospects of Norcraft Companies Inc (NYSE:NCFT) and has upped his fund’s holding of the stock by 12% during the first three months of 2014. In its latest 13F filing, Driehaus Capital has reported ownership of a little over 124,200 shares. Robert Hockett and his fund, Covalent Capital Partners, have almost doubled their investment in Norcraft Companies Inc (NYSE:NCFT), taking it to approximately 930,600 shares. There is one hedge fund guru who has actually decided to reduce exposure to this stock – Ken Griffin. During the first quarter of 2014, the self-made billionaire has reduced Citadel’s stake by almost a third to 720,251 shares.

Disclosure: none.