Nantahala Capital Management LLC Buys 129,399 Shares of Scully Royalty Ltd. (NYSE:SRL)

Nantahala Capital Management LLC lifted its stake in Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,596 shares of the financial services provider's stock after acquiring an additional 129,399 shares during the period. Nantahala Capital Management LLC owned approximately 2.49% of Scully Royalty worth $3,410,000 at the end of the most recent reporting period.

Separately, SVB Wealth LLC acquired a new position in Scully Royalty in the 4th quarter valued at approximately $208,000. 41.96% of the stock is owned by hedge funds and other institutional investors.

Scully Royalty Price Performance

Shares of NYSE:SRL traded up $0.23 during trading on Friday, hitting $7.72. 5,219 shares of the stock were exchanged, compared to its average volume of 9,088. Scully Royalty Ltd. has a 1-year low of $5.74 and a 1-year high of $9.99. The company's fifty day simple moving average is $7.82 and its 200-day simple moving average is $7.75.

Scully Royalty Profile

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.