Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Tom Brown’s Second Curve Capital Is Bullish On First Marblehead

Tom Brown, Second Curve Capital: Second Curve Capital today disclosed a new addition to its equity portfolio, represented by The First Marblehead Corporation (NYSE:FMD). The hedge fund managed by Tom Brown disclosed ownership of some 6 million shares, representing ownership of 5.3% of the company at a value slightly below $5 million.

The First Marblehead Corporation (NYSE:FMD)

First Marblehead Corporation expanded its net loss to $50.2 million, equal to $0.47 per share in the fiscal year ended on June 30, from last year’s net loss of $33.6 million, while the loss from operations narrowed by 21% on the year, and totaled $49.5 million. First Marblehead Corporation is a financial company mainly engaged in providing education loans for K-12 graduate and undergraduate students in the U.S.

Aside from Second Curve Capital, which is a hedge fund that invests primarily in financial stocks, we should mention some other “hedgies” that have been bullish on First Marblehead Corporation in the latest round of 13F filings. The hedge fund with the largest position is Mangrove Partners, managed by Nathaniel August, while Phil Frohlich’s Prescott Group Capital Management is next, followed by Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management. Check back here for more updates on Tom Brown’s moves.

Recommended Reading:

Look What the Koch Brothers Are Buying Now

Is There Any Value in Bill Ackman’s Holdings?

Should Investors Follow Carl Icahn Into This Auto Supplier?

Disclosure: none

Loading...