What to Know About a New $9 Million Bet on an Energy Distributor Stock

This energy sector distributor delivers maintenance, repair, and supply chain solutions to industrial clients across a global network.On February 5, Tejara Capital Ltd disclosed a new position in DNOW (DNOW +1.43%), acquiring 685,617 shares worth an estimated $9.08 million based on quarterly average pricing.What happenedAccording to a recent SEC filing dated February 5, Tejara Capital Ltd established a new position in DNOW, purchasing 685,617 shares during the fourth quarter. The quarter-end value of the po ...