Apr 25, 2023. But in an April letter responding to a request by the House Committee on Administration, Poulos said Dominion is 75. Operational improvement stories. The asset class tends to be misunderstood, due to its complicated structure, or wholly ignored, because of. NEW YORK NY Private Equity Investment Advisor. Managing Director at Staple Street Capital. View latest Form ADV filed Part 2 Brochures. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. 42 trillion in assets under management as of June 30, 2023. Dominion, originally a Canadian company that is now based in Denver, is largely owned by the New York-based private equity firm Staple Street Capital and Dominion’s chief executive, John Poulos. Hub Name . , 31 Mar 2023,. 9%). A filing with the U. Staple Street has $900 million in assets. Staple Street Capital III, L. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Consumer Staples: 35. ) as the New York Hospital’s House of Relief, or as we say today, emergency room. ”It is not clear how much Staple Street stands to receive after legal taxes and fees, but the $787. It might have been the best private equity deal ever. The combined assets of BlackRock, Vanguard and State Street account for about 82% of the S&P 500’s market capitalization, about 25% of shares that voted in director elections at S&P 500. BlackRock and Vanguard, two of the world’s “Big Three” asset managers,. Staple Street Capital is a private equity firm that invests in middle-market businesses where we can partner with motivated and proven management teams to create value. ”This year, Staple Street Capital, a New York-based middle-market private equity firm, and Dominion’s management team bought it out. 624. During his tenure at Carlyle, He co-founded the firm's Global Consumer & Retail Group, was a senior member of the firm's Global Communications & Media Group, and executed and oversaw. 1, by attorney Lin Wood in a cryptic tweet to a link to the sale’s SEC. 26 Apr 2023 05:07:01Read on to learn how State Street Corp and BlackRock Inc compare based on key financial metrics to determine which better meets your investment needs. The payer of the $400 million was UBS Securities LLC, which is a subsidiary of Swiss investment bank UBS. Larry Fink is known for his decades of experience leading BlackRock (NYSE:BLK). Mr. He attended Harvard Business School. April 24, 2023 — 01:20 pm EDT. 27%) State Street Corporation (5. We invest in companies that are seeking to pursue untapped market opportunities, enter or exit markets, make acquisitions,. 28 (-0. Buyout team. Prior to Thayer Street, he was part of the investment team at a. “Biden’s sister. ($867. Hootan Yaghoobzadeh, co-founder of Staple Street Capital: I remember the first dinner we had with John. (doing business as BLK) is an American multinational investment company based in New York City. O) settled a. "Vanguard and State Street Global Advisors, the largest fund managers after BlackRock, are users, as are half the top 10 insurers by assets, as well as Japan's $1. Please stick to cutting backdoor deals with the MCBOS. It appears that, instead, UBS Securities LLC was buying a partnership interest in Staple Street Capital. . Dec 9, 2021. 98% ownership. April 18 (Reuters) - Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. ($1. Mid-States Supply voluntarily entered into. In 2018, Dominion was acquired by its management and Staple Street Capital, a private equity firm and spinn off of BlackRock!! A Soros firm. Staple Street Capital has formed an operating executive board. During his tenure at Carlyle, He co-founded the firm's Global Consumer & Retail Group, was a senior member of the firm's Global Communications & Media Group, and executed and oversaw. The Carlyle group is owned by Vanguard and Blackrock, and is known for recruiting ex-politicians such as George. 3 million in 2018. Staple Street Capital invests in attractive middle market companies where we welcome complex solutions and can partner with management to create value. 96B), Dodge & Cox ($1. Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. I. Prior to Stonepeak, Steve held senior finance and accounting roles with Staple Street Capital, Apollo and Deloitte. S. Update (3/13, 5:37 PM ET): In response to the collapse, the FDIC created a new entity, making depositors and borrowers customers of Silicon Valley Bank, N. From the meme thread - As far as I know Dominion is owned by Staple Street Capitol, and Fox News is owned by the Murdock family. Photo: Getty. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Private equity firm Staple Street Capital valued Dominion at $80 million when it purchased a controlling stake in it in 2018. 3 million in 2018, stands to make an astounding 1,500 percent return on that deal. State Street’s voting policy updates span several documents that provide guidance on areas that State Street views as focal points for the coming year. Mr. Who invested in State Street Capital? UBS Securities - “On Oct 8, 2020, Staple Street Capital filed SEC Form D offerings and sales amount of $400,000,000 with the Sales Compensation Recipient identified as UBS Securities,” states the investigation, which also notes that another payment of $200,000,000 was received in December 2014. About Staple Street Capital. In March 2010, the Department of Justice filed a civil antitrust lawsuit against ES&S, requiring it to divest voting equipment systems assets it acquired from Premier Election Solutions in order to restore competition. Gender Male. The acquisition was effectuated through a successful stalking-horse bid by an affiliate of Staple Street Capital in a Chapter 11 (under the United States Bankruptcy Code) reorganization. BlackRock has 45. About Staple Street Capital. Prior to joining Staple Street Capital, Mr. Learn More. ”NEW YORK, June 26, 2023--Staple Street Capital ("Staple Street Capital" or "SSC"), a leading middle-market private equity firm with approximately $900 million of capital under management, is. Prior to joining Monomoy, Ben held several operating and CFO roles with Cerberus, Blackrock and Staple Street Capital. Osler, Hoskin & Harcourt LLP represented Dominion Voting Systems with a team consisting of Chad Bayne, Justin. If BlackRock were a country, it would be the third largest economy on the planet, after the United States and China. Data reveals crucial role of BlackRock, State Street and Vanguard in climate crisis. The settlement came just as opening. At Staple Street Capital we help companies navigate change and capitalize on new opportunities to build stronger, more valuable businesses. Staple Street’s involvement started years earlier, with a buyout deal so unremarkable it was not covered by the mainstream business press. Staple Street Capital LLC, Eagle Hill School, MetLife Services & Solutions LLC, Altrazeal Life Sciences Inc, MetLife, Inc. The table below reflects the performance of all active PE partnership investments as of March 31, 2023. On Monday morning, they had customer. Cerberus Capital Management Images below: For some odd reason, Staple Street Capital scrubbed their website all the way down to the executive team. And the same goes for the other packaged food companies. ($1. companies choose to make on environmental and social. Number of Founders 564. BlackRock, on the other hand, is a publicly traded entity, so it prioritizes making money for its shareholders. middle market transactions. As of January 31, 2023, the average one-year price target for Fox Corporation is $37. , Citation 2017). Dominion’s CEO and co-founder John Poulos owns about 12% of the company. 26 Apr 2023 00:20:40Did anyone click on Snopes? : 2 diff. This year, Staple Street Capital, a New York-based middle-market private equity firm, and Dominion’s management team bought it out. Stephen Owens and Hootan Yaghoobzadeh formed the firm in 2010, according to its Form ADV. Claim: Blackrock owns Dominion Voting Systems sharesBlackRock has 45. 31, BlackRock Inc. BlackRock. Overview. He was also chairman of the FCC 1997-2001. DJT asked about Tucker on Newsmax, Carlson at Heritage Foundation, Ray Epps on 60 Minutes, Blackrock Fox Now and Staple Street funded by CHINA?, 2020 was stolen and it isn't hidden, the truth about Susan Rice, Biden 2020 to Biden 2024, Hunter is 'honorable', Blinken and Intel community lied, God greater than Gov defines 'pervert' and. In. Staple Street was founded in 2010 by Hootan Yaghoobzadeh and Stephen Owens. See Steve Owens's compensation, career history, education, & memberships. BlackRock values its business partners and views its suppliers as an extension of ourselves. LONDON — BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” on its environmental, social and governance. ($936. BlackRock Inc. Acquisition Type Leveraged Buyout. Among BlackRock's major competitors are The Vanguard Group, State Street. Links to these documents are also below. At Staple Street Capital we help companies navigate change and capitalize on new opportunities to build stronger, more valuable businesses. 26 Apr 2023 11:49:59RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Managing Director of BlackRock Group Ltd and Managing Director/Partner . Number of Non-profit Companies 1. 25 Apr 2023 22:19:54RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. . The most significant of those investors is Staple Street Capital Partners (“Staple Street”). Blackrock owns part of an energy company. S. NEW YORK, September 06, 2023--Staple Street Capital ("SSC"), a middle-market private equity firm, announced a partnership transaction with members of the Wilkins family to acquire Delaware Valley. +0. Hootan Yaghoobzadeh is a Co-Founder and serves as Managing Director at Staple Street Capital. Yaghoobzadeh was a Senior Vice President at Cerberus Capital Management where he focused on distressed private equity, special. More details will be introduced later. Ben is a Senior Operating Executive at Monomoy and works with our portfolio companies on revenue growth and profit improvement. 5 million windfall after Fox Corp (FOXA. The co-founder of Staple Street is ALSO a Carlyle alumni. Nor is it certain that the $400 million was meant to acquire Dominion Voting Systems. 11-50 [1] Website. Staple Street Capital | 859 followers on LinkedIn. Why? Because he is the most powerful person on Wall Street. Weinstein begun his career in investment banking at Scotiabank Global Banking. S. Staple Street Capital, a private equity firm based in New York, will acquire substantially all of the assets of Kansas City-based Mid-States Supply Co. Staple Street Capital | 802 followers on LinkedIn. Previously, Rashid was a Director at Black Diamon d Capital Management and also held positions at Jefferies, Peachtree Christian Church. 15%) NAV Total Return as of Nov 17, 2023 YTD: -5. Osler, Hoskin & Harcourt LLP represented Dominion Voting Systems with a team consisting of Chad Bayne, Justin Dharamdial, Brian Gray, Horatiu Porime, Jeremy Lin and Miju Damodar (Corporate), Dov Begun and Paul Seraganian (Tax), Richard Borins. See Phil Taub's compensation, career history, education, & memberships. It's primaries are Stephen Owens and Hootan Yaghoobzadeh. is pulling some $2 trillion of assets out of State Street Corp. Staple Street Capital, a leading private equity firm with approximately $900 million of capital under management, invests in market‐leading businesses where there. Fox News settled Dominion's defamation lawsuit on Tuesday for $787. Owens was a Managing Director at The Carlyle Group where he was a member of the firm’s U. In support of a management team under siege from this disinformation campaign, Mr. staple street capital wiki › Verified 6 days agoKansas City, Mo. 5tn government pension fund, the. ’s. Inside the private equity firm taking on the Murdochs. “@RubiconTheJeep @DetRockCity13 I’m not the one who tweeted that Blackrock owns Dominion because he mixed up an energy company with the voting one, then when confronted mixed up Staple Street Capital with State Street. Staple Street Capital Managing Director and Co-Founder Oct 2009. In their previous filing dated 2019-02-06 , BlackRock Inc. Company Type For Profit. The payer of the $400 million was UBS Securities LLC, which is a subsidiary of Swiss investment bank UBS. AP’S ASSESSMENT: False. let me clear this up. 27 to a high of $48. Speaker Nancy Pelosi's husband is making massive stock trades as Congress mulls whether to ban lawmakers and their spouses from trading. What does BlackRock own? BlackRock is the parent company for the iShares group of ETFs, the largest global provider of ETFs. Better-than. 18%) Vanguard Group, Inc. Bought 1. This false claim is based on two people sharing a common last name. EDUCATION. Just a heads up. Yaghoobzadeh and Owens have past ties to the Soros-backed Carlyle Group. Staple Street Capital owns 75. 26 Apr 2023 19:01:26RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Managing Director at Staple Street Capital. Context: Dominion Voting Systems is owned by Staple Street Capital. 1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. Buyout team. The amount is equivalent to 20 times the $38. 59% State Street insiders, and 9. 5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. Although there is a Chinese bank and investment firm named ‘UBS. 7% Discount to NAV: -15. 0 million Distribution rate: 9. G. Geode Capital Management : 752,985 shares, or 0. The co-founders of Staple Street Capital, Stephen D. The co-founder of Staple Street is ALSO a Carlyle alumni. According to Wikipedia, Following the acquisition, the Department of Justice and 14 individual states launched investigations into the transaction on antitrust grounds. S. The co-founder of Staple Street is ALSO a… Show more . Staple Street Capital LLC acquired a roughly 76% stake in the voting technology company in 2018 for $38. I want to learn more about BlackRock. Prior to founding Staple Street Capital, Mr. 5 million. Prior to founding Staple Street Capital, he spent over a decade at The Carlyle Group, where he was a Managing Director in the firm's U. 1% ownership. Staple Street Capital, created by former executives of Carlyle Group and Cerberus Capital in 2010, held a one-and-done final close on its third fund on $520 million. “@goddeketal In reference to the reader provided context, correct, Dominion is founded by Canadians who named it after the 1917 conscription law in Canada, but Staple Street is recently listed as a stakeholder, like Blackrock, in FOX. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Stephen D Owens Managing Director and Founder. Becker was a Principal at Thayer Street Partners where he focused on making private equity, growth equity, and structured debt investments in financial services and business services companies that are primarily technology-enabled. Steve Owens is the Managing Director of Staple Street Capital. 04 Oct, 2022, 11:57 ET. 5%, while State Street's. Photo: Getty. Our team has completed over 100 transactions involving complicated corporate carve outs, operational. John Poulos, the CEO of. Staple Street Capital Ii-a is a large advisory firm with 4 clients and discretionary assets under management (AUM) of $956,019,697 (Form ADV from 2023-03-30). What does BlackRock own? BlackRock is the parent company for the iShares group of ETFs, the largest global provider of ETFs. A. G. 5 million. S. LinkedIn View on LinkedIn. 208 South Akard Street Dallas Texas 75202 United States. The firm seeks to invest in automotive, business services, chemicals, communications, media, technology,. A Staple Street Capital portfolio company, Dominion was the victim of a disinformation campaign in which Fox News and other parties spread damaging lies about the Company. "Total Assets under Management (Aum) of State Street Corporation from 4th Quarter 2010 to 4th Quarter 2022 (in Trillion U. If The Vanguard Group does make a profit, this money is returned to investors as dividends. In a statement,. Staple Street Capital has 6 current employee profiles, including Principal Shaun Fitzgibbon. Prior to founding BlackRock in 1988, Mr. Shares of BlackRock ( NYSE:BLK) are currently hovering about 30% lower from their November 2021 highs, with the tough capital markets environment severely. (8. Long ago, Dominion earned $44 million in 2012. On Jan. CB Rank (Hub) Cranfield School of Management Alumni Founded Companies . Rashid Lattouf is a Managing Director at Staple Street Capital based in New York City, New York. 5 million settlement with Dominion Voting Systems is Staple Street Capital, a New York private. Fund Flow Leaderboard. They are not affiliated with BlackRock our Vanguard. U. Staple Street Capital Staple Street Capital invests in attractive middle market companies where we can partner with management to create value. 3 million the New York-based private. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. , representing 15. 1290 Avenue of the Americas Fl 10, New York City, New York, 10104, United States. S. 1 Day NAV Change as of 13/Nov/2023 0. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Capital where he focused on U. Buyout team. News and research on the investment process. See Benjamin Humphreys's compensation, career history, education, & memberships. . One of Wall Street’s most prominent names may be cashing out of his own company. 49%: $3468835552000: 5376During the previous two years, 961 institutional investors and hedge funds held shares of State Street. Hootan Yaghoobzadeh, co-founder of Staple Street Capital, the private equity firm that owns Dominion Voting Systems, joins CNBC's Eamon Javers on 'Squawk Box' to discuss Fox's $787. The counterclaim also notes that Dominion CEO John Poulos told Staple Street partner and co-founder Hootan Yaghoobzadeh in December 2020, amid media coverage of Trump’s allegations about the. +1. The firm last filed a Form D notice of exempt offering of securities on 2014-12-19. In 2007, Mr. Hedge Fund Portfolio Manager Performance 23Q3 AUM # of Holdings Performance Rank Allocation ; BlackRock: BlackRock Inc-2. On July 16, 2018 Dominion Voting Systems (“Dominion Voting”) announced that was acquired Staple Street Capital, a private equity firm. CompartirTwittearCompartirPin0 Compartir Si has llegado hasta aquí probablemente has escuchado hablar de la famosa compañía de inversión de Wall Street BlackRock. An. Photo: Amir Hamja for The Wall Street Journal. Location New York, New York, United States. Driving the news: Dominion yesterday agreed to drop its defamation lawsuit against Fox News, in exchange for $787. by Patrick Greenfield. The co-founders of Staple Street Capital, Stephen D. 792: Vanguard Group, Inc. ’s second-quarter. Managing Director/Co-Founder, Staple Street Capital. The official website of Staple Street Capital has deleted the team introduction. Consumer Staples ETF seeks to track the investment results of an index composed of U. SEC 10/08/20 they’re expecting $800 million. Because its investors essentially own the firm, it can provide most of its services at cost. ”“The absolute answer is yes. Ukrainian President Volodymyr Zelenskyy and BlackRock CEO Larry Fink agreed to coordinate investment in rebuilding Ukraine, Kyiv announced Wednesday following a meeting between the two men. "Vanguard and State Street Global Advisors, the largest fund managers after BlackRock, are users, as are half the top 10 insurers by assets, as well as Japan's $1. inflation data at the beginning of 2023 showed that core inflation – which excludes food and energy – is still very high, and core services inflation excluding shelter is running close to 6% on an annual basis. The Vanguard Group is a mutual company. Fox News detractors wanted Dominion's lawsuit against Fox News to move forward for democracy. 9/30/2023. Number of employees. Combined, BlackRock, State Street and Vanguard are the largest owner in 88% of the S&P 500 companies, according to a paper published Tuesday by the American Economic Liberties Project, a group. That would be a hedge fund investment. Business Wire. 4, 2022 /PRNewswire/ -- South Street Securities Holdings, Inc. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. The co-founders Stephen D. The co-founder of Staple Street is ALSO a… Show more . Capital, he was responsible for all key aspects of the investment process including due diligence, transaction structuring, financing, and portfolio company value creation. Prior to joining Staple Street Capital, Mr. 02. Jack Eichner, a spokesperson for Dominion Voting Systems, also said the claim is baseless. sold $400 million in securities to UBS Securities Co. Hyslop was a Vice President at Cerberus Capital Management. Owens and Hootan Yaghoobzadeh are veterans of The Carlyle Group and Cerberus Capital Management, also the Board members of Dominion Voting. Staple Street Capital acquired a 76% stake in Dominion Voting Systems for $38. Number of Current Jobs 1. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F. This year alone, the firm launched a private-debt fund aimed at financing climate-transition strategies and announced plans to merge two publicly traded BDCs, BlackRock TCP Capital Corp. Announced Date Jul 17, 2018. Voting outcomes on key shareholder resolutions are an important input to the decisions the largest U. and Canada. 19 - 6. BlackRock's leases on East 52nd Street expire in April. Stephen Owens has no relationship to the Biden family, a spokesperson for Staple Street Capital confirmed. It listed its addresses. Combined, BlackRock, State Street and Vanguard are the largest owner in 88% of the S&P 500 companies, according to a paper published Tuesday by the American Economic Liberties Project, a group. P. The world's leading content platform for institutional investors. Biden has one sister, Valerie Biden Owens. A n executive board member of Staple Street Capital, William Earl Kennard, is a former ambassador to the EU who was appointed to that position by former President Barack Obama. Benjamin Humphreys is Former Operating Partner at Staple Street Capital. Hootan Yaghoobzadeh is a Co-Founder & Managing Director at Staple Street Capital based in New York City, New York. filed an application on August 25, 2021, and an amendment to the application on March 17, 2022, requesting an order under. Regions Greater New York Area, East Coast, Northeastern US. Owens and Hootan Yaghoobzadeh, who are also involved ay Cerberus Capital Management, and board. ’s safekeeping, a move that will reduce the investing firm’s reliance on a small number of. The most heavily invested institutionals were Vanguard Group Inc. " Regulatory filings (archived here) show BlackRock does have a stake in Dominion Energy, a power company based in the US state of Virginia. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. The most heavily invested institutionals were Vanguard Group Inc. . ”But more than half of that is represented by the three largest fund issuers: Vanguard, BlackRock (NYSE: BLK), and State Street (NYSE: STT). 17B), Ameriprise Financial Inc. 44%) Berkshire Hathaway, Inc (8. Dominion Voting Systems is a leading provider of election tabulation hardware and software solutions in the U. The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Previously, Andrew was an Associate, Sponsor Fi nance Group at CIT and also held positions at Roxiticus Golf Club, Antares Capital. Founded in 2009 by Stephen Owens, a former Carlyle Group dealmaker, and Hootan Yaghoobzadeh, a Cerberus Capital Management veteran, Staples Street invests in companies in a range of sectors. He is the chairman and CEO of BlackRock, the largest money-management firm in the world, with more than $9 trillion in assets under management. (doing business as BLK) is an American multinational investment company based in New York City. The co-founder of Staple Street is ALSO a… Show more . Staple Street Capital, a private equity firm, owns a 76% stake in Dominion Voting Systems. The adviser's REGISTRATION status is listed below. Hyslop assists in the underwriting and due diligence of investment opportunities and works with portfolio companies to help drive performance improvement. Also Known As Steve. S. Stephen Owens is a Managing Director at Staple Street Capital based in New York City, New York. Hootan Yaghoobzadeh is a Co-Founder and serves as Managing Director at Staple Street Capital. The receiver of the payment was Staple Street Capital, which previously bought Dominion Voting Systems in 2018. Prior to founding Staple Street Capital, he spent over a decade at The Carlyle Group, where he was a Managing Director in the firm's U. The outsized footprint of a few large financial companies poses. is an American alternative investment management company based in New York City. With 26 years of experience and access to professional resources such as analysts and lawyers, our advisors are prepared to make informed financial decisions about your. Prior to joining Staple Street, Mr. Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. Because its investors essentially own the firm, it can provide most of its services at cost. Staple Street Capital bought Dominion Voting Systems in 2018, with a $38 million equity check and an $80 million enterprise value. Connect Conrad Russell New York, NY. At the time, the private equity firm valued the technology vendor at $80 million, or. position, ordered by largest to smallest position size. 2% Expenses: 3. BlackRock’s Long-Term Capital Market Assumption Disclosures:. It might have been the best private equity deal ever. S. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Poulos, Dominion’s chief executive, retains a roughly 12 percent stake. Dominion Voting Systems (“Dominion Voting”) announces that it has been acquired by its management team and Staple Street Capital, a leading New York-based, middle-market private equity firm. For all other inquiries please contact the team at [email protected] my knowledge Blackrock does not own Dominion. , filing October 5, 2020, Staple notified U. 27 to a high of $48.