Investors who own shares in Lomas Financial Corp., Dallas, may have been startled last week by word of a 13D filing with the Securities and Exchange Commission by Tweedy, Browne Co., a New York investment company that owns more than 5% of Lomas shares.

An item on the Dow Jones news wire said, correctly, that Tweedy reported selling a block of 264,985 shares of Lomas at an average price of $5.67 a share on June 29. The transaction reduced Tweedy's holding to 1.3 million shares, the report also said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.