Hallmark Financial executive chairman buys shares, ups stake to 43.1%

By Lisa Kerner

Charlotte, N.C., Nov. 18 - Hallmark Financial Services, Inc. shareholder Detroit Stoker Co., an affiliate of Hallmark executive chairman Mark E. Schwarz and Newcastle Partners, LP, bought 273,000 shares between Sept. 21 and Nov. 16 priced from $7.69 to $8.35 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.

Schwarz beneficially owns 8,675,405 shares, or 43.1%, of the Fort Worth property and casualty insurer.

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