Business

Water Island Capital LLC Buys New Holdings in Snyder’s-Lance Inc (LNCE)

Water Island Capital LLC acquired a new position in Snyder’s-Lance Inc (NASDAQ:LNCE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 242,300 shares of the company’s stock, valued at approximately $12,134,000. Water Island Capital LLC owned about 0.25% of Snyder’s-Lance at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in Snyder’s-Lance by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock worth $148,000 after buying an additional 214 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Snyder’s-Lance by 235.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,246 shares of the company’s stock worth $162,000 after purchasing an additional 2,981 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Snyder’s-Lance in the fourth quarter worth $200,000. Shelton Capital Management purchased a new position in Snyder’s-Lance in the third quarter worth $204,000. Finally, World Asset Management Inc purchased a new position in Snyder’s-Lance in the third quarter worth $209,000. 61.22% of the stock is owned by hedge funds and other institutional investors.

In related news, Director James W. Johnston sold 75,836 shares of Snyder’s-Lance stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $49.99, for a total transaction of $3,791,041.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James W. Johnston sold 10,396 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $49.99, for a total transaction of $519,696.04. The disclosure for this sale can be found here. Company insiders own 13.70% of the company’s stock.

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