(Benzinga) Tracking hedge funds moves is central to many investment strategies, as it may provide with interesting, research-backed ideas. Emanuel J. Friedman’s EJF Capital is bullish on micro-cap bank holding company Westfield Financial, Inc. (NASDAQ: WFD). On Friday, the fund disclosed that it had more than doubled its exposure to the stock.
The firm had declared holding 456,082 as of the end of the last reported quarter – second quarter of 2015. However, in its latest 13G filing, EJF acknowledged beneficial ownership of 949,169 shares of the company’s Common Stock, representing 5.13 percent of the total shares outstanding.
