Major shareholder increases stake in Marine Harvest

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Folketrygdfondet buys more despite seasonal falling salmon prices.

Despite the fact that the salmon price has fallen heavily from peak levels in early summer, the Marine Harvest stock price has remained amazingly good. Just before lunch Friday, the stock was trading at NOK 152.50 – NOK 5 below the all-time high.

According to the Flintdaily.com, an SEC filing shows that Folketrygdfondet has strengthened its ownership position in the fish farm giant. Folketrygdfondet, which is the second largest owner in Marine Harvest, has purchased 93,268 shares, increasing its ownership by 0.2 percent of the outstanding shares in the company.

In total, Folketrygdfondet, or the Norwegian Petroleum Pension Fund, owns 30.5 million shares in Marine Harvest. Only Govern Trading, owned by shipping tycoon John Fredriksen, is a bigger shareholder, with a total of 79.5 million shares.