23 September 2023

Digital Technology Guru

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Institutional Investor Bowie Capital Management Reduces Stake in PagSeguro Digital

2 min read
Institutional Investor Bowie Capital Management Reduces Stake in PagSeguro Digital

Bowie Capital Management LLC, a prominent institutional investor, has recently decreased its stake in PagSeguro Digital Ltd. (NYSE:PAGS). According to its latest filing with the Securities and Exchange Commission (SEC), the investment firm sold approximately 450,000 shares, resulting in a reduction of its position 56.3%.

Before the sell-off, Bowie Capital Management LLC held 800,000 shares of PagSeguro Digital’s stock. Following the transaction, it now owns 350,000 shares of the company. This decrease in holdings indicates a significant shift in the investment strategy pursued Bowie Capital Management LLC.

As a result of this transaction, PagSeguro Digital now represents approximately 0.3% of Bowie Capital Management LLC’s overall investment portfolio. It has moved from being one of its top-ranked holdings to its 28th most substantial investment.

Based on available data at the end of the recent reporting period, Bowie Capital Management LLC’s stake in PagSeguro Digital is estimated to be worth around $3 million, representing about 0.11% ownership of PagSeguro Digital the investment firm.

PagSeguro Digital Ltd. is an online payment solutions provider based in Brazil, known for its innovative digital payment platform that enables secure and convenient transactions. The company has gained significant traction among users in Brazil and beyond, with a focus on simplifying payment processes and enhancing financial inclusivity.

This decrease in stake Bowie Capital Management LLC emphasizes the evolving nature of investment decisions within the financial sector. As investor interests and market conditions fluctuate, investment firms need to adapt their portfolios accordingly. Staying informed about such developments can provide valuable insights into the ever-changing landscape of the financial markets.

Sources: SEC filing Bowie Capital Management LLC