Second Curve Capital Lowers stake in Tristate Capital Holdings Inc (TSC)

Tristate Capital Holdings Inc (TSC) : Second Curve Capital reduced its stake in Tristate Capital Holdings Inc by 5.07% during the most recent quarter end. The investment management company now holds a total of 1,414,443 shares of Tristate Capital Holdings Inc which is valued at $18.2 Million after selling 75,517 shares in Tristate Capital Holdings Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Tristate Capital Holdings Inc makes up approximately 12.22% of Second Curve Capital’s portfolio.

Other Hedge Funds, Including , Oxford Asset Management added TSC to its portfolio by purchasing 11,430 company shares during the most recent quarter which is valued at $146,876. Tristate Capital Holdings Inc makes up approx 0.01% of Oxford Asset Management’s portfolio. Bowling Portfolio Management sold out all of its stake in TSC during the most recent quarter. The investment firm sold 14,258 shares of TSC which is valued $188,919. Globeflex Capital L P added TSC to its portfolio by purchasing 28,687 company shares during the most recent quarter which is valued at $380,103. Tristate Capital Holdings Inc makes up approx 0.10% of Globeflex Capital L P’s portfolio. Wedge Capital Management L L Pnc added TSC to its portfolio by purchasing 61,600 company shares during the most recent quarter which is valued at $816,200. Tristate Capital Holdings Inc makes up approx 0.01% of Wedge Capital Management L L Pnc’s portfolio.

Tristate Capital Holdings Inc opened for trading at $12.78 and hit $12.94 on the upside on Friday, eventually ending the session at $12.92, with a gain of 1.73% or 0.22 points. The heightened volatility saw the trading volume jump to 25,718 shares. Company has a market cap of $365,701 M.

TriState Capital Holdings Inc. is a bank holding company. The Company has three wholly owned subsidiaries: TriState Capital Bank (the Bank) a Pennsylvania chartered bank; Chartwell Investment Partners Inc. (Chartwell) an investment advisor and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management. The Bank segment provides commercial banking and private banking services through the Bank. The Investment Management segment provides advisory and sub-advisory investment management services to primarily institutional plan sponsors through Chartwell and also provides distribution and marketing services for Chartwell’s investment products through CTSC Securities. The Company’s cash management services include online balance reporting online bill payment remote deposit liquidity services wire and Automated Clearing House (ACH) services foreign exchange and controlled disbursement.

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