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2 clusters · 3 sources · 28 days · First seen · Last updated

Categories: BUSINESS

Rubric Capital boosts Mercury General stake

Entities: Rubric Capital Management LP · Mercury General Corporation

Overview

Rubric Capital Management LP increased its holding in Mercury General Corporation by purchasing an additional 100,000 shares in the first quarter, raising its stake to about 3.9% and valuing the investment at roughly $190 million. After the purchase the fund owned 2,154,504 shares, representing about 2.0% of Rubric’s overall portfolio. Institutional investors collectively own about 42.4% of Mercury General’s stock. The insurer’s shares opened at $108.40, with a market capitalization of $6 billion, a P/E ratio of 7.15, and earnings of $3.50 per share for the latest quarter.

Timeline

  1. 4 days ago

    [BUSINESS] 3 sources
    Mercury General Gains $190 M Investment as Rubric Capital Boosts Stake

    Rubric Capital bought 100,000 Mercury General shares, lifting its stake to 3.9% (≈$190 M), its 11th‑largest holding.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Mercury Systems Stock Rises Over 9% Amid Analyst Upgrades and Investor Trades

    Mercury Systems shares jumped 9.5% to $120 after beating earnings estimates, with analysts issuing upgrades and price target hikes while insiders sold shares and Sterling Capital cut its stake.

Sources

mommygearest.com · seekingalpha.com · stocknews.com