trending Market Intelligence /marketintelligence/en/news-insights/trending/osw-7UeNXDV-anBMMv3zzw2 content esgSubNav
In This List

Activist shareholder lowers stake in HomeStreet

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Activist shareholder lowers stake in HomeStreet

Roaring Blue Lion Capital Management LP slightly lowered its stake in Seattle-based HomeStreet Inc. to 5.44%, or an aggregate 1,463,809 shares, according to a Dec. 27 filing.

A Dec. 1 filing showed that Roaring Blue Lion and managing member Charles Griege Jr. held an aggregate 1,487,820 shares of HomeStreet, or a 5.53% stake.

The filing also disclosed that Griege met with HomeStreet's board on Dec. 21 and delivered a presentation reiterating his stance against the company's expansion. He called for operational changes to improve HomeStreet's profitability and valuation such as reducing expenses, reallocating capital from the mortgage segment to the commercial bank, realigning executive compensation, and returning excess capital to shareholders through buybacks and dividends. He also told the board that dilutive M&A is not a sound strategy.