Wellington Management Group LLP's Strategic Acquisition of Amerant Bancorp Inc Shares
TBBKThe Bancorp(TBBK) Gurufocus·2024-10-05 00:06

Overview of Recent Transaction On September 30, 2024, Wellington Management Group LI.P. a prominent investment management firm, expanded its portblio by acquiring an additional 2,401,027 shares of Amerant Bancorp Inc (AMTB, Financial). This transection increased Wellington's total holdings in the company to 5,642,703 shares, marking a significant endorsement of AMTB's market potential. The shares were purchased at a price of $21.37 each, reflecting a strategie move by Wellington to capitalize on Amerant Ban ...