Harraden Circle Investments LLC Invests $2 Million in Bank of the Carolinas CORP $BCAR

Harraden Circle Investments LLC bought a new position in shares of Bank of the Carolinas CORP (OTCMKTS:BCAR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 201,548 shares of the bank’s stock, valued at approximately $2,001,000.

Bank of the Carolinas Price Performance

Bank of the Carolinas stock opened at $10.10 on Thursday. Bank of the Carolinas CORP has a twelve month low of $9.88 and a twelve month high of $10.65. The company’s 50-day moving average price is $10.16 and its two-hundred day moving average price is $10.05.

Bank of the Carolinas Company Profile

Bank of the Carolinas Corporation serves as a holding company for Bank of the Carolinas (the Bank). The Company’s primary business activity consists of directing the activities of the Bank. The Bank is a state chartered non-Federal Reserve member bank, which is engaged in providing general commercial banking primarily in Davie, Randolph, Rowan, Cabarrus, Davidson and Forsyth Counties. The Bank’s other offices are located in Asheboro (Randolph County), Landis (Rowan County), Harrisburg and Concord (Cabarrus County), Lexington (Davidson County), and Winston-Salem (Forsyth County).