Wexford Capital Hikes Stake in Famous Dave’s of America, Inc. (DAVE) Following CEO’s Resignation

Moving on to Wexford’s other recent new picks, the firm’s bet in the energy sector, EnLink Midstream Partners LP (NYSE:ENLK), was the largest among the group, and represented 13.8% of the fund’s portfolio. The holding comprised some 1.93 million shares valued at $47.63 million. The $6.22 billion operator in the midstream industry has also slumped year-to-date, by over 16%. However, the hedge fund interest in EnLink Midstream Partners LP (NYSE:ENLK) among those that we track, has increased over the last quarter, as ten firms had invested a total of $205.92 million in the company by the end of March, as compared to seven funds with $42.17 million in holdings at the end of the previous quarter. Alec Litowitz and Ross Laser‘s Magnetar Capital is the largest among these, owning 5.2 million shares valued at $128.65 million.

Wexford acquired about 1.10 million shares of Xenia Hotels & Resorts Inc (NYSE:XHR) valued at $24.98 million during the first quarter. The $2.67 billion REIT, which is focused on the lodging sector, has appreciated by nearly 16% since its IPO in February. Jonathan Lennon’s Pleasant Lake Partners holds some 321,400 shares of Xenia Hotels & Resorts Inc (NYSE:XHR) valued at $7.31 million.

A total of 445,850 shares of Citizens Financial Group Inc (NYSE:CFG) valued at $10.76 million were acquired by Wexford during the first quarter. The holding represented about 3.13% of the fund’s portfolio. The $15 billion retail bank holding company is another high performer for the fund, as its stock is up by 13.4% so far this year. The number of hedge funds invested in the company increased massively during the first quarter, to 76, compared to 30 firms at the end of the previous quarter which had positions. David Einhorn‘s Greenlight Capital is the largest stockholder of Citizens Financial Group Inc (NYSE:CFG) among these, with 12.61 million shares valued at $304.33 million.

Disclosure: None