Bermuda Management Holdings Ltd. has increased its stake in Masters Ltd. to 63 percent after buying 17,000 shares.

BMH, an investment company which has previously held large stakes in businesses including Bermuda Computer Services Ltd., now holds 854,515 shares, Masters said in a statement to the Bermuda Stock Exchange.

BMH bought 1,000 shares at $16 a share and 16,000 shares at $16.25 a share between November 22 and November 30.