TLNCU’s (NASDAQ:TLNCU – Get Free Report) lock-up period will expire on Monday, March 9th. TLNCU had issued 22,500,000 shares in its initial public offering on September 9th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
TLNCU Price Performance
NASDAQ:TLNCU opened at $10.27 on Friday. TLNCU has a 12 month low of $9.98 and a 12 month high of $11.04.
Hedge Funds Weigh In On TLNCU
An institutional investor recently raised its position in TLNCU stock. Aventail Capital Group LP increased its holdings in TLNCU (NASDAQ:TLNCU – Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 707,251 shares of the company’s stock after buying an additional 7,251 shares during the quarter. Aventail Capital Group LP’s holdings in TLNCU were worth $7,278,000 at the end of the most recent reporting period.
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