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Anchorage Capital Slashes More of Its Holding In Central Pacific Financial Corp. (CPF)

uring the quarter to $32.1 million. This has been an ongoing trend for the last couple of quarters and is the consequence of the management’s goal to engage the bank’s customers and reach successful resolutions. While the loans and lease portfolio increased by $38.3 million to $3.01 billion from the prior quarter, core deposits registered an increase of $46.5 million to $3.38 billion. The net interest margin also rose during the quarter to 3.32% from 3.28% in the March quarter.

Smart money have been showing a mixed interest in Central Pacific Financial Corp. (NYSE:CPF). Among the funds that we track, a total of 11 had investments in the company at the end of March, up from 8 funds at the end of the previous quarter. However, the aggregate amount invested decreased to $145.58 million from $215.51 million during this period, while the stock climbed by 7.4%. After Anchorage, the two largest stockholders of Central Pacific Financial Corp. (NYSE:CPF) are Ken Griffin‘s Citadel Investment Group and Marshall Wace LLP, which is led by Paul Marshall and Ian Wace.

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