Dallas based investment firm Highland Capital Management recently lowered its holdings and ownership stake in the AthenaHealth stock. The decrease is ownership of this stock has been quite big as Highland Capital Management lowered its share holdings by over 83% according to the SEC. Highland Capital Management also sold over 78,000 of its shares in the stock since the value of it declined by 12%. With this sharp decrease in value, Highland Capital decided that it would be in their best interest to get rid of a majority of its shares in the company to limit their losses. The firm owned 95,000 shares of AthenaHealth but sold off almost 80,000 of its shares in order to preserve a portion of its assets.
Highland Capital Management held a number of shares in AthenaHealth due to it being a market leader in its respective industry. However the stock market has seen a recent surge while the company has seen its stock value sharply decline. As a result Highland Capital Management decided to decrease its holdings in order to avoid substantial losses in its portfolio. While Highland Capital Management has decreased its holdings in AthenaHealth, it has invested in other companies to keep its portfolio profitable.
James Dondero is the President of Highland Capital Management and has also founded the firm as well. He started this firm back in the year 1993. The firm specializes in hedge funds, advisory, investment management and also hedge funds. James first founded a company that specialized in insurance but then decided to expand the firm to other services in order to better meet market demand. By the early 1990’s James built and established a versatile investment firm which met the needs of a number of clients worldwide.
James got his education by studying accounting and finance at the University of Virginia. He would get a bachelors degree in these fields and then began his career. He started out as a trainee and credit investor in the 1980’s. Dondero would then advance his career and hold the position of chief investment officer. After reaching this career position he would then start up Highland Capital Management. Once he founded his firm he would establish it as one of the leading hedge fund and credit management firms in the United States and the rest of the world. When not participating in his firm, James contributes to a number of philanthropic causes such as veteran’s affairs, public policy and education.