MedQuist shareholders led by Newcastle lift stake to 5.3%

By Susanna Moon

Chicago, March 30 - MedQuist Inc. investors led by Newcastle Capital Management, LP increased their interest in the company to 5.3%, according to a schedule 13D/A filed with the Securities and Exchange Commission.

American Hallmark Insurance Co. of Texas bought 10,400 shares at $2.55 on March 26 and 10,100 shares at $2.40 on March 27.

The investors beneficially own 2,001,074 shares.

MedQuist is a medical transcription technology and services company based in Mt. Laurel, N.J.

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