NYSE:KNFBasic Materials
Why Knife River (KNF) Is Down 8.6% After Headland Capital Fully Exits Its Stake - And What's Next
Headland Capital recently disclosed in an SEC filing that it has sold its entire Knife River stake in a transaction worth about US$4.89 million, exiting the construction materials and contracting company despite its record third-quarter revenue and strong infrastructure-linked backlog.
The move highlights how concerns over margin pressure, weather-related disruptions, and the need for greater operational efficiency can outweigh headline revenue strength in institutional portfolio...