Baupost Group Boosts Stake in A.C. Moore Arts & Crafts (ACMR) to 11.1%
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In a 13G filing on A.C. Moore Arts & Crafts (Nasdaq: ACMR) Seth Klarman's Baupost Group disclosed an 11.1% stake (2,250,000 shares) in the company. This is up from the 1,078,236 shares the firm held at the quarter ended 09/30/07.
A.C. Moore is a speciality retailer which provides a vast assortment of traditional and contemporary arts and crafts merchandise for a wide range of customers.
Baupost Group is a $7+ billion investment group that has returned approximately 20% annually since inception. The fund is run by Seth Klarman since 1983. Klarman is consider a deep value investor.
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