Nantahala Capital Boosts Stake in The Dolan Company (DM) ~ market folly

Tuesday, May 28, 2013

Nantahala Capital Boosts Stake in The Dolan Company (DM)

Wilmot Harkey's hedge fund firm Nantahala Capital Management has filed a 13G with the SEC regarding shares of The Dolan Company (DM).  Per the filing, Nantahala has revealed a 11.52% ownership stake in Dolan with 3,562,282 shares.

This means their equity stake has roughly doubled.  They previously owned just over 1.7 million shares at the end of March. The SEC filing was required due to portfolio activity on May 22nd.

Nantahala initiated a position in DM shares in the fourth quarter of 2012.  Then they added to their position in the first quarter and have continued to buy as shares have fallen further.

About Nantahala

Nantahala focuses on small cap stocks and have a market-neutral discipline.  Wil Harkey founded Nantahala in 2004.  Prior to that, he worked at Sagamore Hill Capital.

About The Dolan Company

Per Google Finance, Dolan is "a provider of necessary professional services and business information to legal, financial and real estate sectors in the United States. The Company operates through two operating divisions: its Professional Services Division and its Business Information Division. Its Professional Services Division consists of two segments: mortgage default processing services and litigation support services. Its Business Information Division produces legal publications, business journals, court and commercial media, other online information products and services, and operates Websites and produces events for targeted professional audiences in 21 geographic markets across the United States. Its information is delivered through a variety of methods, including approximately 60 print publications and 80 Websites."

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