The London Company Raises Stake in Advent Software by Nearly 10%
The London Company has raised its stake in Advent Software Inc. (Nasdaq: ADVS) by nearly 10 percent to 5.07 percent worth $61.33 million, according to an SEC filing.
The Richmond-based money manager said it owned 2.56 million shares in the San Francisco-based maker of portfolio management and accounting software. The stake’s value is based on the stock’s closing price of $23.96 per share on Sept. 7.
In June, The London Company owned 2.33 million shares, representing a 4.61 percent stake then worth $63.35 million in Advent Software.
The London Company, founded by former First Colony Corp.’s Stephen Goddard, had over $3.50 billion in assets under management ($7.01 billion total entity assets) as on June 30.
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