William Martin’s Raging Capital Goes Activist On The Standard Register Co (SR)

Raging Capital Management, led by William C. Martin, revealed in a filing that it has edged up its position in Standard Register Co (NYSE:SR), to 681,986 from some 680,700 shares held at the end of September 2013. The stake currently amasses around 8.3% of the company’s stock and the fund now holds an activist position in the company.

In a letter to Joseph P. Morgan, Jr., President & Chief Executive Officer of Standard Register Co (NYSE:SR) Raging Capital Management, placed his request to elect a well-qualified director, identified by Raging Capital. A meeting is likely to be scheduled with Mr. Morgan to discuss the foregoing. Raging Capital also discussed with Mr. Morgan over phone on matters related to business, operations and Board composition.

Standard Register

Edward A. Mule‘s Silver Point Capital held warrants of Standard Register Co (NYSE:SR) entitling it to purchase a total of 2.2 million shares, which were received when it acquired all outstanding membership interests of  WorkflowOne LLC. Silver Point Capital, later exercised these warrants to purchase a total of 2.2 million shares.

A couple of months ago Edward A. Mule’s Silver Point Capital, raised its stake in Standard Register Co (NYSE:SR) by buying 5,355 shares at $8.50 per share. The shares were purchased as a grant to Anthony DiNello, an employee of Silver Point, who serves as  director at Standard Register.

A couple of months ago, Robert Peiser, director at Standard Register Co (NYSE:SR), bought in small quantities and accumulated 10,355 shares of the company.

Of the hedge funds we track, Raging Capital Management is the largest share holder of Standard Register Co (NYSE:SR), followed by Phil Frohlich’s Prescott Group Capital Management, which raised its stake by 216% in the third quarter of 2013 and now amasses 88,500 shares.

Raging Capital, initiated a stake in Facebook Inc (NASDAQ:FB) in the third quarter of 2013, and has 800,000 shares, worth $40.18 million in its equity portfolio. This represents 6.92% of the fund’s equity portfolio and it is the second largest position in the fund’s portfolio. On the third spot is Vitesse Semiconductor (NASDAQ:VTSS), of which Raging Capital has 10.39 million shares, with a reported value of $31.59 million. Followed by Vitesse is EQT Corporation (NYSE:EQT) in the fourth spot, representing 5.06% of its equity portfolio, worth $29.40 million.

Disclosure: none

Recommended Reading:

These Hedge Funds Profited Handsomely As Blackstone Surged 5%

Amici Capital Initiates A Huge Position in YRC Worldwide, Inc.(NASDAQ:YRCW)

Jeffrey Gates Boosts His Stake in International Game Technology (IGT)

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

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

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!