Wexford Capital Ups Stake in Cache, Inc. (CACH) to 5%

Charles Davidson‘s asset management firm Wexford Capital has been bullish on Cache, Inc. (NASDAQ:CACH) and raised its stake in the company to over 1.08 million shares, from 1.04 million held earlier. The stake is passive by nature and amasses 5.01% of the company’s stock, according to a new filing with the Securities and Exchange Commission.

cache logo

Wexford Capital manages three hedge funds that aim to take advantage of different market and segment opportunities. Wexford Spectrum Fund  is an opportunistic and global strategies focused fund, while Wexford Credit Opportunities Fund focuses on multiple strategies and credit investments and Wexford Catalyst Fund focuses on energy and industrials. With about $1.211 billion under its equity portfolio at the end of the third quarter, the fun focuses on Basic Materials, Healthcare, Technology, and Services sectors.

During the last quarter of last year, Wexford Capital has significantly trimmed its stake in the largest holding from its equity portfolio, represented by Diamondback Energy Inc (NASDAQ:FANG). The fund reduced its exposure to the company to 10.63 million shares, from 11.78 million owned at the end of September.

 

In its latest 13F, Wexford also disclosed ownership of 6.63 million shares, worth $81.21 million in Rhino Resource Partners L P (NYSE:RNO) and 1.22 million shares worth $32.82 million in Repros Therapeutics Inc (NASDAQ:RPRX).

Cache Inc. (NASDAQ:CACH) is a national retailer of women’s wear and operates brick – and – mortar stores as well as an online sales portal. The company had 279 stores in 43 states all located in high traffic and upscale malls. Cache reported third quarter sales of $47.2 million, with gross profits of $15.8 million. The company also reported an increase of 6% in comparable store sales over the same period last year. Net loss was at $8 million as compared to $6.4 million for the same quarter of 2012.

Michael Price’s Mfp Investors held 3.78 million shares worth $22 million in Cache at the end of the third quarter of 2013. This was followed by an investment of $16 million in 2.69 million shares by Thomas E. Lynch’s Mill Road Capital Management.

Disclosure: none

Recommended Reading:

Hedge Fund News: John Paulson, Ray Dalio & Paul Singer

Google Inc (GOOG) and Wells Fargo & Co (WFC) Among Horseman Capital Management’s Top Picks

Becker Drapkin Management Cuts Exposure to Pacer International, Inc. (PACR)

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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!