Emanuel J. Friedman’s Ejf Capital Llc New Position in Severn Bancorp Inc
Ejf Capital Llc has filled a SC 13G form regarding Severn Bancorp Inc
. Filing Link: 000089534516000465. Per Emanuel J. Friedman’s Ejf Capital Llc’s filing, the filler now owns 9.8% of the Finance-company, holding 1,182,000 shares.
Severn Bancorp Inc is a newly disclosed equity position for the hedge fund and the filing was required due to activity on April 14, 2016. This most probably shows Emanuel J. Friedman’s Ejf Capital Llc’s confidence and optimism in the future of the company. As a hedge fund with $7.64 billion AUM and 66+ professional employees, we have no reason to doubt they didn’t do their homework before buying such a stake.
The hedge fund has been active in the Finance sector recently. In the fund’s latest 13F, it revealed several positions. This sector is 29% of Emanuel J. Friedman’s Ejf Capital Llc’s US equities portfolio.
Severn Bancorp Inc Hedge Funds Ownership
Latest SEC filings show 11 hedge funds and institutional investors own Severn Bancorp Inc. The institutional ownership of the company in Q1 2015 is low, at 1.73 % of the shares outstanding. They decreased by 21444 the total shares they hold. As of that quarter these institutional investors owned 209125 shares. A total of 0 funds opened new positions in Severn Bancorp Inc and 3 increased their holdings. There were 1 funds that closed their positions and 0 that reduced them.
Schneider Capital Management Corp is the most positive institutional investor on Severn Bancorp Inc, with ownership of 82931 shares as of Q1 2015 for 0.05% of the fund’s portfolio. Chevy Chase Trust Holdings Inc is another positive player owning 14353 shares of the company or less than 0.01% of their stocks portfolio. IA Cambridge Investment Research Advisors Inc have less than 0.01% of their stock portfolio invested in the stock for 13675. Further, Oppenheimer & Company Inc disclosed it had purchased a stake worth less than 0.01% of the fund’s stock portfolio in the company. The CA California Public Employees Retirement System was also a notable investor in the firm, owning 49450 shares. Severn Bancorp Inc is less than 0.01% of the fund’s stock portfolio.
Company Profile
Severn Bancorp, Inc. is a savings and loan holding company. The Company conducts business through its subsidiaries, Severn Savings Bank, FSB (the Bank) and SBI Mortgage Company (SBI). The Bank offers a range of deposit products and originates mortgages in its market of Anne Arundel County, Maryland and in other parts of Maryland, Delaware and Virginia. SBI is engaged in the origination of mortgages not suitable for the Bank. SBI owns subsidiary companies that purchase real estate for investment purposes. The Bank provides a range of personal and commercial banking services. Personal services include mortgage lending and various other lending services, as well as checking, savings, money market, time deposit and individual retirement accounts. Commercial services include commercial secured and unsecured lending services, as well as business Internet banking, corporate cash management services and deposit services.
Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.
Emanuel J. Friedman’s Ejf Capital Llc website.
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