Coliseum Capital Raises Its PRPL Stake to 51.2%

JC Parets
February 15, 2023

The most significant insider transaction on today’s Hot List is a Form 4 filing by Coliseum Capital Partners.

The hedge fund reported a purchase of roughly $26 million in Purple Innovation $PRPL, increasing its ownership stake to 51.20%.

The only 13G on our list was filed by Radcliffe Capital Management, which revealed an initial stake of 6.69% in New Mountain Finance Corporation $NMFC.

Here’s The Hot List, with data through February 14, 2023:

In another Form 4, Director Muneer Satter of Annexon $ANNX, revealed a purchase of roughly $18 million.

In the options market, there was bullish flow in Shopify Inc $SHOP and Iron Mountain Incorporated $IRM.

Stay tuned. We'll be back on Thursday with more insider activity.

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All Star Charts Team

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