The recent gain in the price of Pendrell Corporation’s share has seen many investors selling off the share. Despite an upward trend and a steady gain of the company’s value, several major investors have decided to sell off their shares targeting profits from the capital gains.
Most investors and investment firms usually buy stocks of companies when the company is a startup or when the company is still growing since their share prices are relatively low. When the company gets on its feet, some investors may choose to retain the ownership of the shares as assets or sell them off in a move to make profits from their investment.
Highland Capital Management provides private equity to companies and invests in various startup companies. In august 2016, they stimulated the financial world when a report emerged signifying that they had also sold off a major stake of Pendrell Corporation.
In the report, Highland Capital had sold over 23,000 shares of Pendrell representing around half the stake they hold in the company. Highland Capital previously owned 11% of Pendrell. This transfer made a good return on the money Highland Capital had invested in the company shares.
Pendrell share prices have been steadily increasing making the company more valuable. This was attributable to the market confidence they had created to the investors through their operational efficiency and landmark deals.
The recent signing of a deal between Memory Technology LLC and Toshiba also fuelled a significant gain in Pendrell shares. Memory Technology LLC is a subsidiary company of Highland Capital. The firm also specializes in licensing and buying intellectual properties.
Highland Capital has been able to accumulate over $18 billion in assets through its able and experienced leadership. The company has benefitted greatly from the leadership of its founders James Dondero, who serves as the company’s president, and Mark Okada, who serves as the chief investment officer.
James has over 30 years’ experience in the financial world having worked at several multinational corporations before founding Highland Capital. James is a graduate of University of Virginia. He is a chartered financial analyst and a certified management accountant