Leon Cooperman (Trades, Portfolio) spent 25 years at Goldman Sachs before founding Omega Advisors, which had $9.4 billion under management at Feb. 28, 2015. The investor reported increasing his stake in one of Omega’s holdings, Senior Investment Group Inc. (SNR) on March 5, according to GuruFocus Real Time Picks.
With the transaction Cooperman’s position increased by 30.9% to 3,407,317 shares, or 5.13% of the company. He also reported owning an additional 528,191 shares in the fourth quarter, reflecting a 25.5% position increase from the prior quarter. New Senior Investment Group’s shares lost 14.3% of their market value since they began trading in November and closed Friday at a price of $16.34 each. Continue Reading »