Hallmark Financial executive chairman buys shares, reports 40.3% stake

By Lisa Kerner

Charlotte, N.C., July 7 - Hallmark Financial Services, Inc. shareholder Detroit Stoker Co., an affiliate of Hallmark executive chairman Mark E. Schwarz and Newcastle Partners, LP, bought 3,082 shares on June 10 for $6.70 each.

The transaction was reported in a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

Schwarz beneficially owns 8,402,405 shares, or 40.3%, of the Fort Worth property and casualty insurer.

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