Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

12 West Capital Management Reports Major Position in Atlantic Power Corp (AT)

Joel Ramin’s 12 West Capital Management reported a new position in Atlantic Power Corporation (NYSE:AT) in a 13G filing with the Securities and Exchange Commission. The fund disclosed ownership of 6.20 million shares of the power company representing 5.1% of its outstanding stock.

Joel Ramin founded 12 West Capital Management in 2011 after working at Bridger Capital earlier in his career. Mr. Ramin is known for holding short positions while ensuring sufficient exposure towards long-term equity investments. The investment manager has assets worth $1.45 billion under its management. As of the end of the first quarter, 12 West Capital Management reported an equity portfolio of $898.77 million with its top 10 stock holdings accounting for 92.93% of the total value. The investment advisory has its primary investments in information technology and transport sector. FleetCor Technologies, Inc. (NYSE:FLT), Masonite International Corp (NYSE:DOOR), and Advanced Drainage Systems Inc (NYSE:WMS) were among the top picks of 12 West Capital Management at the end of the first quarter.

Biggest Wind Farms in the World

Atlantic Power Corporation (NYSE:AT) owns and operates power generation assets in the United States and Canada. The power generation firm is involved in selling electricity to commercial customers and utilities through long-term power purchase agreements. The company is going to announce its second quarter 2015 financial results on August 6 and the Wall Street is expecting a loss per share of $0.15 over revenues of $129.60 million.

Atlantic Power Corporation (NYSE:AT) has attracted the attention of Nathaniel August’s Mangrove Partners, which went activist on the company in April. The investment firm held a 7.5% stake, which contained 9.09 million shares.The fund decided to go activist only after the company’s announcement to sell the wind generation projects to TerraForm Power Inc (NASDAQ:TERP) for $350 million. Mangrove Partners was pushing for an increase of the shareholder value by asking the board to distribute as much as $300 million to its stockholders through a special dividend payment.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.