Edward A. Mule and Robert J. O’Shea’s Silver Point Capital recently has filed a 13G filing with the US SEC, in which it disclosed increasing its stake in Enpro Industries Inc (NYSE:NPO) to 1.75 million shares, which account for 8.2% of the company’s outstanding stock. Previously the fund had held 1.61 million shares, according to its last 13F filing for the third quarter.
Enpro Industries is a company that produces various engineered industrial products, running in three sectors: Engineered Products, Sealing Products, and Power Systems. Over the past 12 months, the company’s shares have gained 51.18%. In its last financial report for the third quarter of 2016, Enpro Industries reported EPS of $0.43, and revenue of $292.7 million, compared to EPS of $0.45 and revenue of $306.6 million for the same period in 2015.
At the end of September, there were 12 investors from Insider Monkey’s database long Enpro Industries Inc (NYSE:NPO), down by three from the previous quarter. One of the most bullish hedge funds was Jonathan Savitz’s Greywolf Capital Management, which held a $45.3 million position. Some other investors with a similar bullishness counted Mariko Gordon’s Daruma Asset Management, Thomas Ellis and Todd Hammer’s North Run Capital and Steve Ketchum’s Sound Point Capital.
On the other hand, hedge funds who decided to dump Enpro Industries (NYSE:NPO) during the third quarter included Bart Baum’s Ionic Capital Management, which sold its stake worth around $7.4 million, and Peter S. Park’s Park West Asset Management, which also cut its stake, valued at $6.9 million.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Silver Point Capital||1,750,000||0||1,750,000||0||1,750,000||8.2%|
|Edward A. Mul||0||1,750,000||0||1,750,000||1,750,000||8.2%|
|Robert J. O Shea||0||1,750,000||0||1,750,000||1,750,000||8.2%|
Page 1 of 9 – SEC Filing
EnPro Industries, Inc.
December 13, 2016
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