Stocks
Harber Asset Management Invests in The Home Depot
Harber Asset Management LLC has made a significant investment in The Home Depot, Inc. (NYSE:HD) by purchasing 9,420 shares of its stock valued at approximately $3,322,000 in the second quarter.
This represents a new stake for the fund and makes up 2.0% of Harber Asset Management LLC's holdings, making it the company's 24th largest position.
According to the SEC filing, Home Depot has been on an upward trend with its revenue increasing by 5.7% year over year, reaching $47.86 billion in the second quarter, exceeding analysts' expectations of $47.24 billion.