Tom Brown's Second Curve Buys CompuCredit (CCRT) Shares ~ market folly

Tuesday, September 21, 2010

Tom Brown's Second Curve Buys CompuCredit (CCRT) Shares

Tom Brown's hedge fund firm Second Curve Capital just filed a Form 4 with the SEC regarding trades made in shares of CompuCredit Holdings (CCRT). In the filing, Second Curve discloses that they purchased 25,000 shares of CCRT at $4.64 on September 16th, 2010. After this transaction, Tom Brown's firm now owns 4,118,630 shares.

Second Curve recently filed a 13G on this stock, disclosing ownership of 11.4% of the company. This latest purchase adds to that total. Prior to founding Second Curve, Brown headed up the financial services group at Julian Robertson's Tiger Management. Other recent portfolio activity out of this hedge fund includes a new position in Tennessee Commerce Bancorp (TNCC).

Taken from Google Finance, CompuCredit is "a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market."

To see what the top managers have been buying and selling, check out our detailed hedge fund portfolios.

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