Lee Cooperman's hedge fund firm Omega Advisors has started a brand new position in Home Loan Servicing Solutions (HLSS) as the company completed its initial public offering on February 29th.
Omega filed a 13G with the SEC disclosing their 9.9% ownership stake in Home Loan Servicing Solutions with 1,388,000 shares.
The company cut the planned size of its IPO down to 13.3 million shares after initially targeting 18.3 million shares. HLSS currently trades around $13.50.
You can view the rest of Omega Advisors' portfolio in a free excerpt of our new newsletter.
Per Yahoo Finance, Home Loan Servicing Solutions "a development stage company, focuses on acquiring mortgage servicing assets, primarily subprime and Alt-A mortgage servicing rights and associated servicing advances."
Wednesday, March 7, 2012
Lee Cooperman's Omega Advisors Starts Stake in Home Loan Servicing Solutions (HLSS)
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