Granahan Investment Management Inc/ma, an asset management firm based in the United States, recently announced that it had increased its portfolio allocation in INDI by 43.28% over the last quarter. The firm holds 4,517,864 shares of INDI, representing 14.10% ownership of the company.
The firm has been increasing its portfolio allocation in INDI since the first quarter of this year. In the previous quarter, Granahan Investment Management Inc/ma held 1,638,103 shares of INDI, representing 5.09% ownership of the company. The portfolio allocation in INDI has seen a steady increase quarter after quarter, which shows the firm’s commitment to investing in the company.
Granahan Investment Management, Inc. (GIM) was founded in 1985, and specializes in small cap equity Investment. The firm has broad employee ownership and currently manages $3.4 billion in assets. The firm’s portfolio consists of stocks of companies from varying industries and sectors, such as technology, healthcare, financial services, energy, and consumer products.