Money manager picks up another Advocat chunk

By Geert De Lombaerde Posted on August 20, 2009 at 7:51 am

Marlin Capital Partners has stepped up its purchasing of nursing home operator Advocat. The Texas-based money manager, which started its recent round of buying last week, snapped up another 81,000 shares of Brentwood-based Advocat (Ticker: AVCA) on Monday and Tuesday, raising its stake to 12.8 percent.

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Tags: 5% owners, Advocat Inc., Marlin Capital Partners LLC, senior housing and assisted living  

Marlin nibbles some more at Advocat

By Geert De Lombaerde Posted on August 18, 2009 at 7:32 am

The Texas-based money management firm Marlin Capital Partners continues to add to its stake in Advocat, buying another 9,500 shares late last week. The buying has helped of late, but shares of Brentwood-based Advocat (Ticker: AVCA) are still about 40 percent below year-ago levels.

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Tags: 5% owners, Advocat Inc., Marlin Capital Partners LLC, senior housing and assisted living  

Big Advocat owner buys more

By Geert De Lombaerde Posted on August 13, 2009 at 3:14 pm

Marlin Capital, the Dallas money manager that bought big into Advocat last year, has acquired a few more shares of the senior housing provider. The firm, which is represented by Chad McCurdy on Advocat’s board, now owns 11.2 percent of Advocat (Ticker: AVCA), which is up 50 percent so far this month.

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Tags: 5% owners, Advocat Inc., Chad McCurdy, Marlin Capital Partners LLC, senior housing and assisted living  

Another sign Advocat is taking Bristol’s board challenge seriously

By Geert De Lombaerde Posted on May 29, 2009 at 6:51 am

Chad McCurdy, the nursing home operator’s largest shareholder – and since last spring, a board member – says he has picked up a few more shares lately and goes to great lengths to say he supports the company-nominated director candidates over the challengers from Bristol Capital.

Being a large shareholder or having investment banking relationships does not by itself add additional value to our board. I have numerous relationships with investment bankers at very large and well respected firms as do other members of your board. We listen to what our current bankers tell and draw upon other relationships for further advice and counsel.

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Tags: 5% owners, Advocat Inc., Bristol Capital Advisors LLC, Bristol Investment Fund Ltd., Chad McCurdy, Marlin Capital Partners LLC, proxy contests, senior housing and assisted living