MSD Capital Trims Its Stake in DineEquity, Inc (DIN)

Glenn Fuhrman and John Phelan have reduced their position in DineEquity, Inc (NYSE:DIN). A recent 13G filing shows that MSD Capital, L.P., sold 300,000 shares of the company bringing the ownership down to 2.1 million shares. The new stake represents a nearly 10.8% ownership of Dineequity, Inc, significantly down from 33.6% held at the end of last year.

DineEquity Inc (NYSE:DIN)

Mason Hawkins of Southeastern Asset Management is also a significant holder of DineEquity, Inc (NYSE:DIN), which owns 1.3 million shares of the company. Other remarkable stakeholders of the company are Frank Brosens’ Taconic Capital, which holds 365,000 shares worth $30.5 million, and Christopher Hansen’s Valiant Capital, which owns 286,400 shares worth $23.9 million.

Based in Glendale, California, DineEquity, through its subsidiaries and franchises operates restaurants under the Applebee’s Neighborhood Grill & Bar and International House of Pancakes (IHOP) brands. The company has a market cap of $1.6 billion and a beta of 3.17.

For the fourth quarter of 2013, DineEquity, Inc (NYSE:DIN) recorded EPS of $0.94, which compares to $0.83 for the same period in 2012. For full 2013, it reported earnings of $4.24 per share, compared to $4.28 in 2012. For full 2014, the company expects net income of around $1.5 million. Late last month, DineEquity declared a first quarter cash dividend of $0.75 per share of common stock, payable March 28, 2014.

In 1998, MSD Capital was founded strictly to manage Michael Dell’s funds. The hedge fund engages in a broad range of investments ranging from publicly traded securities to privately traded companies, and even dabbles in real estate. A key differentiating aspect of the fund is that it maintains a permanent capital base. This allows the firm to participate in unique transactions with greater flexibility. The hedge fund is run by both Glenn Fuhrman and John Phelan and has a portfolio value of $585.3 million.

MSD Capital is also bullish on Asbury Automotive Group Inc (NYSE:ABG), with a stake of 2.6 million shares worth $138.6 million. It also holds approximately 765,700 shares worth $104.1 million of PVH Corporation (NYSE:PVH). Another significant holding of MSD Capital is Delphi Automotive Plc (NYSE:DLPH). It owns 1.3 million shares in the company, which is equivalent to $79.0 million.

Disclosure:none

Recommended Reading:

Mark Stupfel’s Cortex Capital Management Is Bullish On These Stocks

Billionaire John Paulson and Jacob Gottlieb Boost Their Stakes in Enzymotec Ltd (ENZY)

Elliott Management Wagers on Boyd Gaming Corp. (BYD)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!