Sandler Associates' stake in Bolt Technology slips below 5%

By Lisa Kerner

Charlotte, N.C., July 17 - Investors led by Sandler Associates decreased their ownership interest in Bolt Technology Corp. to 1.56%, from 5.25% on Feb. 22, with the sale of 318,000 shares of the company's stock.

According to a schedule 13D filed with the Securities and Exchange Commission, the shares were sold between Feb. 27 and July 7 priced from $16.53 to $23.77 each.

The investors beneficially own 134,600 shares of the company.

Bolt Technology develops and manufactures marine seismic energy sources used in marine seismic exploration for the oil and gas industry. The company is based in Norwalk, Conn.

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