Beach Point Capital Management has increased its stake in Watchstone Group from 11.96% to 12.04% via its recent purchase of 35,000 shares in the insurance technology firm. As Watchstone’s share price was 185.50p on 28 October, the Insurance Times has estimated the transaction to have cost £64,925. Watchstone’s share price was 185.50p on 28 October, suggesting Beach Point has invested a further £64,925 in the insurance outsourcer. Please can you check the numbers - seems like a very small investment (£64k?) for such an important company.
Beach Point Capital Management has increased its stake in Watchstone Group from 11.96% to 12.04% via its recent purchase of 35,000 shares in the insurance technology firm. As Watchstone’s share price was 185.50p on 28 October, the Insurance Times has estimated the transaction to have cost £64,925. Please can you check the numbers - seems like a very small investment (£64k?) for such an important company.