Stocks
North Star Asset Management Joins Home Depot's Growing Investor Roster
North Star Asset Management Inc. has invested $2.34 million in The Home Depot, Inc. (NYSE:HD) by purchasing 6,646 shares of its stock in the second quarter.
This is not an isolated incident; other hedge funds and institutional investors have also been buying into Home Depot's stock.
Bank of Nova Scotia bought a new position in Home Depot worth approximately $118.7 million in the second quarter, while Gator Capital Management LLC purchased 3.69 million dollars' worth of shares in the fourth quarter.
In fact, hedge funds and institutional investors own about 70.86% of Home Depot's stock.