Knife River Stock Has Tumbled 31% This Past Year, but One Fund Placed a $22 Million Bet on a Turnaround

On January 28, Paradice Investment Management disclosed a new position in Knife River (NYSE:KNF), acquiring 312,743 shares in the fourth quarter in a trade valued at $22.00 million given quarter-end prices. What happened According to a Securities and Exchange Commission (SEC) filing dated January 28, Paradice Investment Management established a new stake in Knife River, purchasing 312,743 shares during the fourth quarter. The post-trade position was valued at $22.00 million at quarter end, reflecting bot ...