The hedge fund Marshall Wace launches short bets against Línea Directa

Línea Directa registers your first short position since it went public last April. According to the records of the National Securities Market Commission (CNMV), the British fund Marshall Wace a bet against the insurer has surfaced 0.5%, which is the insurer’s first bearish bet since it went public at the end of April. The ‘hedge fund’ made this bet last Monday, October 11.

Línea Directa went public on April 29, becoming independent from Bankinter, at a price of 1.3175 euros per share, achieving a revaluation of 23% on its first day as listed and closing at a price of 1.622 euros per share. In this Wednesday’s session it is listed around 1,730 euros per share.

It should be remembered that on October 7, the insurer distributed 25.7 million euros in interim dividend for 2021. It was the payment of a second dividend on account of the results of 2021 of 0.02367865 gross euros per share in cash , which is added to a first dividend of 0.0244840 gross euros per share paid on July 7 and which involved the distribution of 26.6 million euros.

Juan Luis Arregui is president of Ence.

Thus, the dividend on account of the 2021 results distributed has amounted to 52.3 million, which means maintain a ‘pay out’ -percentage of the profit destined to the remuneration of the shareholder- of 90%.

El ‘hedge fund’, founded by Paul Marshall and Ian Wace and participated by the venture capital company KKR, they have several bearish bets on the Spanish stock market. The British fund is a regular among Spanish stocks and was one of the ‘hedge funds’, along with Citadel, that plagued DIA during its crisis.

Before that, he was at Técnica Reunidas, ACS or Melià Hotels. However, currently, in addition to Línea Directa, is only present in Solaria, where the short position amounts to 0.91% of its capital, according to the CNMV records.

Source: LA INFORMACIÓN – Lo último by

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