Fine Capital Raises Stake in RedEnvelope (REDE)

In an amended 13D filing on RedEnvelope Inc. (Nasdaq: REDE) on Friday, Fine Capital Partners disclosed a 9.46% stake (909K shares) in the company. This is up from the 795k stake the firm disclosed for the quarter ended September 30th.

The firm disclosed they paid approximately $8,220,550 for their shares, about $9 per share. The stock is currently at $7.45.