Paradice Investment Management has increased its stake in a2 Milk Co. from 5.42% to 6.53% of a2 Milk’s ordinary shares, following a series of on-market share purchases completed between late April and mid-May.

The buying program lifted Paradice’s position to 47.37 million shares, held through multiple nominee custodians. The enlarged stake underscores continuing institutional investor interest in a2 Milk, signalling confidence in the company’s outlook and potentially adding to trading liquidity and influence over future shareholder decisions.

The most recent analyst rating of a2 on ATM -5.07% stock is a Sell with a N$5.85 price target.