Hedge funds rarely cross the 10% ownership threshold in publicly traded companies because they technically become an insider and will be subject to more regulations. So, they only do this when they are extremely convinced about the prospects of a stock. Well, Stadium Capital Management, already the biggest hedge fund holder of Computer Programs & Systems Inc (NASDAQ:CPSI), disclosed a 10.2% stake in the company. Stadium Capital owned 870K shares, worth $23 million, of CPSI at the end of September.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Stadium Capital Management GP||0||1,379,151||0||1,379,151||1,379,151||10.2%|
Page 1 of 11 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Computer Programs & Systems, Inc.
(Name of Issuer)
(Title of Class of Securities)
December 22, 2016
(Date of Event Which Requires Filing of this
Check the appropriate box to designate the rule pursuant to which
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[XX] Rule 13d-1(b)
[XX] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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