CNH Partners LLC purchased a new position in MODERN MEDIA AC (NASDAQ:MMDM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,450,000 shares of the company’s stock, valued at approximately $14,167,000. CNH Partners LLC owned approximately 28.02% of MODERN MEDIA AC as of its most recent SEC filing.
Separately, Berkley W R Corp bought a new position in MODERN MEDIA AC in the 2nd quarter valued at approximately $7,809,000. Hedge funds and other institutional investors own 44.69% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://baseballnewssource.com/markets/cnh-partners-llc-purchases-shares-of-1450000-modern-media-ac-mmdm/1699201.html.
MODERN MEDIA AC (MMDM) traded down 0.20% during trading on Tuesday, reaching $9.76. The company had a trading volume of 149,900 shares. The stock has a 50 day moving average of $9.77 and a 200-day moving average of $9.75. The stock’s market capitalization is $62.24 million. MODERN MEDIA AC has a 12-month low of $9.65 and a 12-month high of $9.94.
Receive News & Ratings for MODERN MEDIA AC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MODERN MEDIA AC and related companies with our FREE daily email newsletter.