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Marx ownership of BankUnited Financial declines below 5%
By Lisa Kerner
Charlotte, N.C., May 30 - Moses Marx sold 270,550 shares of BankUnited Financial Corp., reducing his stake in the company to 4.79%, from 5.5% on April 19.
The shares were sold between May 21 and May 28 priced from $3.15 to $3.30 per share, according to a schedule 13D filed with the Securities and Exchange Commission.
Marx beneficially owns 1,684,450 shares of BankUnited's class A common stock, the filing said.
Previously, it was reported that Marx felt the stock was undervalued, because BankUnited's class A common stock was trading at approximately 20% of book value.
BankUnited is the holding company for BankUnited, FSB based in Coral Gables, Fla.
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