Blum raises MoneyGram ownership to 12.9%

By Laura Lutz

Des Moines, Jan. 18 - Affiliates of Blum Capital increased their equity stake in MoneyGram International, Inc. to 12.9%, according to an SC 13D/A filing with the Securities and Exchange Commission.

On Jan. 16 and Jan. 17, the investors bought a total of 2,503,000 shares at prices ranging from $5.0078 to $5.4522.

As of an SC 13D/A filed on Dec. 18, the investors owned 9.9% of MoneyGram outstanding stock.

MoneyGram is a payment services company based in Minneapolis.

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