Tom Brown and his Second Curve Capital continued buying Primus Guaranty Ltd (PRSG). According to a SEC filing, Tom Brown bought 105 thousand shares at $4.2/share on December 23rd. After that he had about 5.92 million shares of PRSG in his portfolio. This is the seventh filing reported by Tom Brown for his insider purchases in Primus Guaranty in December. The highest purchase price he got was $5.88/share on December 6th, when he bought 10 thousand shares in the stock. Second Curve Capital now has more than 16% activist stake in Primus Guaranty. The stock is now trading in OTC Pink market, at $4.30 per share. It has lost 14% so far in 2011.
Beside Second Curve Capital, David E. Shaw’s D.E. Shaw also invested in the stock. The firm had 101 thousand shares at the end of September.
(See the Tom Brown and his insider transactions with Primus Guaranty)