Boothbay Fund Management Invests $4.68M in Webster Financial

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Boothbay Fund Management LLC purchased a new stake in shares of Webster Financial Corporation (NYSE:WBS) during the 3rd quarter, according to the company's disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 78,738 shares of the financial services provider's stock, valued at approximately $4,680,000.

Why it matters

This investment by Boothbay Fund Management in Webster Financial Corporation, a regional bank holding company, reflects the institutional investor's confidence in the financial services provider's growth potential and future performance.

The details

Boothbay Fund Management LLC acquired the new stake in Webster Financial Corporation, a financial services provider, during the third quarter of the year. The institutional investor purchased 78,738 shares of the company's stock, valued at approximately $4,680,000.

• Boothbay Fund Management LLC purchased the new stake in Webster Financial Corporation during the 3rd quarter.